Nifty Tips and Forecast for Tomorrow (13th July '11)
Markets ended in the red owing to significant weakness in IT stocks. The S&P CNX Nifty closed at 5526.15, down -89.95 points or -1.60 %.
The Nifty futures closed and settled finally at 5539.95 down by -77.10 points or -1.37 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5600 else below support level of 5490 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5600 & above this level the next resistance is seen near the 5660 mark.
SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5330 mark.
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