Nifty Tips and Trend for Tomorrow (29th July '11)
Markets continued to reel under pressure in the afternoon session following weak cues from Europe as nervousness prevailed over disagreement on US debt ceiling. The Spot Nifty is now at 5574.85 – down 105.45 points or -1.86 %.
Nifty Futures shut stop at 5487.75 down by -58.05 or -1.06 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5590 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5710 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.
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