Tuesday, March 8, 2011

Nifty Prediction for 9th March

Benchmarks ended on a positive note as easing crude oil prices boosted market sentiment. The S&P CNX Nifty closed at 5537.15, up 61.50 points or -1.12 %.

The Nifty futures also moved in the positive zone touching a high of 5548 and settled finally at 5537.15 up 61.55 points or +1.12 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 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 5622 & above this level the next resistance is seen near the 5675 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

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Posted By Commodity MCX Tips