Tuesday, March 15, 2011

Nifty Trend for Wednesday 16th March 2011


The Indian markets ended in the negative territory. The S&P CNX Nifty closed at 5449.65, down 81.85 points or -1.48 %.

The Nifty futures closed in red and settled finally at 5463, down 92.30 points or 1.76 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 5375 below this level it would be in a bearish trend else above 5505 it might be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5565 mark.
SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5310 mark.




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Posted By Commodity MCX Tips