Friday, February 4, 2011

Nifty For Next week (Monday 7th Feb 2011)

Benchmark Indies S&P CNX NIFTY ended in the negative terrain as selling pressure intensified in the last half an hour of trade. It was down by 131 points or 2.37 %. The Indian VIX which is currently at 24.41and it was up by 7.58 % or 1.72 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5382, down 156.95 or 2.83 %. It is looking bearish in the coming trading session if it manages to break the support level of 5350 else above 5566 it would be in a bullish trend.
Resistance: 5566-5622
Support: 5350-5300


Posted By Commodity MCX Tips