Nifty Tips
It was a buoyant day for the stock markets, with the S&P CNX Nifty lodging its highest single day gain of 189 points, it was the biggest rally posted by the benchmarks, especially after the UPA re-elected for the second time on May 18, 2009. The 50-share NSE Nifty gained 189 points, to shot shop at 5,522.
The NSE futures closed at 5543.85, up by 205.85 points or 3.86 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5590 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 5590 & above this level the next resistance is seen near the 5715 mark.
SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5300 mark.
The NSE futures closed at 5543.85, up by 205.85 points or 3.86 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5590 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 5590 & above this level the next resistance is seen near the 5715 mark.
SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5300 mark.
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