Showing posts with label Technical View on Nifty. Show all posts
Showing posts with label Technical View on Nifty. 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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