Nifty Tips and Trend for Tomorrow (12th July '11)
Markets extended losses in late-noon trades on weakness in realty, IT and metal sectors. Negative cues from global markets also took the bourses lower. The S&P CNX Nifty closed at 5616.10, down -44.55 points or -0.79 %.
The Nifty futures closed and settled finally at 5617.05 down by -55.25 points or -0.97 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5600 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark.
SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5440 mark.
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