Tuesday, March 29, 2011

Nifty Intraday Technical Outlook for Tuesday 29 March

Asian stocks fell, the domestic markets opened on a soft note, with IT stocks weighing down on the bourses, after two consecutive sessions of gains the previous week. Shrugging off weak Asian cues, the domestic markets logged gains for the sixth consecutive day. The S&P CNX Nifty closed at 5687.25, up 33 points or +0.58 %.

The Nifty futures closed and settled finally at 5699.65, up by 18.95 points or 0.33 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5730 else below 5660 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5730 & above this level the next resistance is seen near the 5796 mark.
SUPPORT: It has first support close to the level of 5660 & below this level the next support is seen near 5570 mark.


sunny said...

thnx for the info

Posted By Commodity MCX Tips