Friday, February 25, 2011

NSE Market Update- Nifty Forecast for Monday

Market had a volatile trading session due to railway budget and economic survey. The S&P CNX Nifty close at 5303.55, up by 40.85 points or 0.78 %. The market rallied in the later part of the session to end the session on a positive note.

The NSE futures closed at 5238, up by 48.65 points or 0.92 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above 5350 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5350 & above this level the next resistance is seen near the 5430 mark.
SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.


Posted By Commodity MCX Tips