Showing posts with label Intraday Nifty Tips. Show all posts
Showing posts with label Intraday Nifty Tips. Show all posts
Nifty Forecast for Tomorrow (5th April ’11)
Markets snapped their 8-day winning streak on Friday, they resumed their winning streak today, as the S&P CNX Nifty closed up 82 points at 5,908.
The Nifty futures closed and settled finally at 5948, up by 86.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6072 else below 5835 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 6072 & above this level the next resistance is seen near the 6135 mark.
SUPPORT: It has first support close to the level of 5835 & below this level the next support is seen near 5770 mark.
Nifty Forecast for Tomorrow (4th April ’11)
The markets took a pause after an interrupted run in the last eight trading sessions. The S&P CNX Nifty closed at 5826.05, down -7.7 points or -0.13 %.
The Nifty futures closed and settled finally at 5865, up by 6.30 points or 0.11 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5885 else below 5770 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.
SUPPORT: It has first support close to the level of 5770 & below this level the next support is seen near 5660 mark.
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