Nifty Tips and Trend for Tomorrow (18th July '11)
Markets were trading in the red, albeit off the day's low. The Nifty after moving in the green in the early session, slipped into the red on weakness in auto and metal stocks. The S&P CNX Nifty is at 5,581.10 - down 18.70 points.
The Nifty futures closed and settled finally at 5591.25 down by 9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5670 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 5440 & below this level the next support is seen near 5440 mark.
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