Nifty Tips and Trend for Tomorrow (4th August '11)
The markets were routed by the weight of negative cues emanating from the global front. The Sensex ended below the 18k mark at 17,940, lower by 169 points and the Nifty was precariously poised above the 5400 mark at 5404, down 51 points. The midcap index ended at 6785, lower by 22 points and the small cap index ended at 8109, down 54 points.
Nifty Futures shut stop at 5429.45 down by 37.05 or -0.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5500 mark.
SUPPORT: It has first support close to the level of 5380 & below this level the next support is seen near 5330 mark.
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