Wednesday, April 27, 2011

Nifty Intraday Prediction: Levels for 28 April

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.


Posted By Commodity MCX Tips