Nifty Tips and Trend for Tomorrow (20th July '11)

Markets have rebounded smartly to a high, on the back of buying in index heavyweights. The Nifty recovered 100 points from the day's low to touch a high of 5662.10. The NSE benchmark is now up 46.50 points at 5616.55. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5546 & below this level the next support is seen near 5490 mark.