Nifty Tips and Trend for Tomorrow (8th July '11)
Markets advanced 2% following firm global cues, sustained investment by foreign institutional investors and rally in heavyweight Reliance Industries. The S&P CNX Nifty closed at 5,728.95, up 103.50 points or 1.84 %.
The Nifty futures closed and settled finally at 5745.30 up by 108.65 points or 1.93 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 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 5870 mark.
SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.
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