Nifty Tips
The benchmark indices bounced back from the psychological level of 5200 and closed. The S&P CNX Nifty shut shop at 5310, up 84.20 points or 1.61 %. The Indian VIX which is currently at 23.47 and it was down by 1.35 points or -5.43 % indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5312.90, up by 83.75 or 1.58 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5350 else below 5170 it would be in a bearish trend.
RESISTANCE: It has first resistance close to the level of 5350 & above this level the next resistance is seen near the 5420 mark.
SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5135 mark.
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