Nifty Tips and Forecast for Tomorrow (21st July '11)
Markets erased all the morning gains, in spite of firm cues from global peers. NIFTY extended losses in late noon trades and touched a low of 5555.10 down 92.25 from the day's high. The index finally ended down -46.50 points at. Nifty ended at 5,567.05 - down 46.50 points. Heavyweights were weak in trades today.
Nifty Futures shut stop at 5565.90 down by 58.40 or -1.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5545 else above resistance level of 5670 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark.
SUPPORT: It has first support close to the level of 5545 & below this level the next support is seen near 5440 mark.
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