Thursday, March 17, 2011

Nifty Tips: Market Prediction for 18 March


The Indian markets ended in red, as the Reserve Bank of India raised rates and maintained a hawkish stance in the credit policy review. The S&P CNX Nifty closed at 5446.65, down -64.50 points or -1.17 %.

The Nifty futures closed in red and settled finally at 5479, down -44.85 points or -0.81 %.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 5530 & above this level the next resistance is seen near the 5575 mark.

SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5375 mark.

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Posted By Commodity MCX Tips