Nifty Tips and Trend for Tomorrow (1st August '11)
Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlock and losses in heavyweight Reliance Industries weighed. The Spot Nifty is now at 5482 – down -5.75 points or -0.10 %.
Nifty Futures shut stop at 5490.55 down by -8.15 or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5530 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5530 & above this level the next resistance is seen near the 5710 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.
Posts
