Nifty Tips
The market snapped five days winning streak the benchmark indices closed into red. The S&P CNX NIFTY surrendered 87.50 points and it closed above the major support level of 5450.The Indian VIX which is currently at 24.18 and it was up by 1.61 points or 7.13 %. It indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5453.65, down by 92.65 points or 1.67 %. It is looking bearish in the coming trading session if it manages to break the support level of 5400 else above 5550 it would be in a bullish trend.
RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5590 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5340 mark.
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