Nifty Tips and Trend for Tomorrow (3rd August '11)
The markets ended with significant losses on the back of weakness in metal and realty stocks. Taking a heavy beating, the BSE Sensex ended at 18,110, down 204 points and the S&P CNX Nifty ended at 5,457, down 59 points.
Nifty Futures shut stop at 5466.50 down by -66.45 or -1.20 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5430 else above resistance level of 5500 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5500 & above this level the next resistance is seen near the 5560 mark.
SUPPORT: It has first support close to the level of 5430 & below this level the next support is seen near 5330 mark.
Posts
