Nifty Tips and Forecast for Tomorrow (26th July '11)
Markets moved up further in late-noon trades as index heavyweight, Reliance saw heavy buying. The Spot Nifty after languishing near the dotted line for most part of the day, surged 46.35 points to a high of 5680.30. The index is now at 5680.30 - up 46.35 points or 0.75 %.
Nifty Futures shut stop at 5687.70 up by 42.15 or 0.75 %. 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 5610 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5900 mark.
SUPPORT: It has first support close to the level of 5610 & below this level the next support is seen near 5490 mark.
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