Nifty Tips and Trends for Tomorrow (22nd July '11)
Markets ended in the red due to selling pressure in index heavyweights and weakness across European markets ahead of the new bailout plan for Greece. NIFTY extended losses in late noon trades and touched a low of 5532.50 down 46.20 from the day's high. The index finally ended down -25.45 points. Nifty ended at 5,541.60 - down -25.45 points.
Nifty Futures shut stop at 5547.05 down by -22.50 or -0.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5590 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5670 mark.
SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5440 mark.
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