Wednesday, March 30, 2011

Nifty Intraday Position for tomorrow 31 March 2011

Markets gained for the seventh straight day on the back of strong cues from European indices. A revival in foreign equity inflows helped buoy markets for the seventh straight day. The S&P CNX Nifty closed at 5787.65, up 51.30 points or +0.89 %.

The Nifty futures closed and settled finally at 5813.25, up by 61.80 points or 1.07 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5885 else below 5770 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.
SUPPORT: It has first support close to the level of 5770 & below this level the next support is seen near 5695 mark.


Posted By Commodity MCX Tips