Wednesday, March 16, 2011

Nifty Forecast for 17 March : Technical Levels

The Indian markets ended in the positive territory, a pullback rally made nifty to close above the psychological level of 5500.The S&P CNX Nifty closed at 5511.15, up 61.50 points or 1.13 %.
The Nifty futures closed in red and settled finally at 5529.15, up 81.55 points or 1.50 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 above this level it would be in a bullish trend else below 5475 it might 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 5475 & below this level the next support is seen near 5375 mark.


Posted By Commodity MCX Tips