Wednesday, February 23, 2011

Nifty Technical Outlook for 24 Feb 2011

S&P CNX Nifty closed on a negative note following weak global cues and ongoing strife at Libya. Banks, technology and realty stocks were the top sectoral losers while auto and oil gas space ended higher.
The NSE benchmark indices closed 5437.35, down by -31.85 or -0.58 %. %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5395 else above 5520 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5600 mark.

SUPPORT: It has first support close to the level of 5395 & below this level the next support is seen near 5335 mark.


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Posted By Commodity MCX Tips