Tuesday, April 5, 2011

Nifty Intraday Prediction for 6 April

Smart gains from the previous trading session were disrupted today, as the markets witnessed profit-booking after the near 3-month high levels scaled by the bourses yesterday. The markets ended flat today, the S&P CNX Nifty ended at 5910.05 up 1.60 points or +0.03 %.

The Nifty futures closed and settled finally at 5926, up by 17 points or 0.29 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6000 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 6000 & above this level the next resistance is seen near the 6072 mark.
SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.


Posted By Commodity MCX Tips