Nifty Tips and Trend for Tomorrow (14th July '11)
The Nifty surged to a high of 5611 in closing trades on the back of fresh buying in realty, oil & gas and auto stocks. The S&P CNX Nifty closed at 5585.45, up 59.30 points or 1.07 %.
The Nifty futures closed and settled finally at 5608.25 up by 68.30 points or 1.23 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5550 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark.
SUPPORT: It has first support close to the level of 5550 & below this level the next support is seen near 5490 mark.
Posts
