Thursday, March 24, 2011

Intraday Nifty Levels for Friday 25 March

Markets opened in the green and extended the gains followed by positive global cues. The Nifty traded in a narrow band of 68 points and the India VIX (Volatility Index) declined to the 20 mark which gave a positive momentum to the markets. The S&P CNX Nifty closed at 5522.40, up 42.15 points or +0.77 %.

The Nifty futures closed and settled finally at 5545.80, up by 45.55 points or 0.83 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 else below 5500 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5575 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5415 mark.


Posted By Commodity MCX Tips