Thursday, March 3, 2011

Nifty Futures: Intraday Trading Levels for Friday 4th March

The markets had a volatile session of trade post the astounding 180 points gains in S&P CNX Nifty on the previous trading day. The Nifty Benchmark ended at 5536.20, up 13.90 points or 0.25 %. The midcap index ended at 6598, higher by 21 points and smallcap index ended at 8019, up 16 points

The NSE futures closed at 5545.70, up by 0.85 points or 0.02 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5600 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5600 & above this level the next resistance is seen near the 5715 mark.
SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5300 mark.

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Posted By Commodity MCX Tips