Wednesday, April 20, 2011

Nifty Intraday Position for 21 April 2011

The markets had a gap-up opening on the back of the positive cues from Wall Street and an enthusing start to the proceedings across Asia. The S&P CNX Nifty closed at 5851.65, up by 110.90 or 1.93 %.

The Nifty futures closed and settled finally at 5874, up by 113.70 or 1.97 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5925 else below support level of 5765 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5665 & below this level the next support is seen near 5700 mark.


Posted By Commodity MCX Tips