Friday, March 18, 2011

NSE Market Update and Nifty Trend for 21 March 2011

The Indian markets ended in negative territory. The S&P CNX Nifty closed at 5375.70, down -72.95 points or -1.46 %.

The Nifty futures closed in red and settled finally at 5386.85, down -79.80 points or -1.46 %.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 5530 it might be in an upward trend

RESISTANCE: It has first resistance close to the level of 5530 & above this level the next resistance is seen near the 5625 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