Nifty Tips and Trend for Tomorrow (15th July '11)
The markets have extended gains on the back of buying in rate-sensitive stocks. The Nifty after touching a low of 5541.70 has rallied 112.25 points to a high of 5653.95. The S&P CNX Nifty closed at 5599.80, up 14 points or 0.26 %.
The Nifty futures closed and settled finally at 5585.10 down by -14.65 points or 0.26 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5440 it would be in a downward 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 5440 & below this level the next support is seen near 5330 mark.
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