Nifty Tips and trend for Tomorrow (7th July '11)
Markets ended a volatile day on a flat note with selling pressure witnessed in banking heavyweights. The Nifty touched a high of 5667.50 on sustained buying from FIIs in early trades. However, the index changed direction and slipped 44.65 points from the day's high to touch a low of 5655.40.The S&P CNX NIFTY ended at 5625.45 down -6.65 points or -0.12 %.
The Nifty futures closed and settled finally at 5636.65 up by -14.45 points or -0.26 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5600 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5726 mark.
SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.
Posts
