The markets ended the day in the red due to the persistent weakness on heavyweight counters such as Reliance Industries and ICICI Bank. The NSE benchmark index S&P CNX Nifty, down -34.50 points or -0.59 % at 5833.90.
The Nifty futures closed and settled finally at 5835.90, down by -45.20 or -0.77 %. In today’s trading session it manages to trade above the 10 days and 50 days moving averages, from this level either side of movement would be expected.
RESISTANCE: It has first resistance close to the level of 5910 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5820 & below this level the next support is seen near 5767 mark.
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