Nifty Tips
Benchmark Indies S&P CNX NIFTY (NSE Index) ended in the green despite of selling pressure intensified in the last half an hour of trade and closed above 5400 mark. It was up by 0.25 points. The Indian VIX which is currently at 24.69 and it was up by 0.28 % % or 1.14 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5405.05, up 18.05 or 0.34 %. 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: It has first resistance close to the level of 5566 & above this level the next resistance is seen near the 5622 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5300 mark.
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