Wednesday, May 25, 2011

Nifty Trading Range For Tomorrow (26 May 2011)

Indian markets ended in the negative territory as traders squared off positions ahead of May series expiry. Weak cues from global markets also hurt sentiments. The S&P CNX Nifty ended at 5348.95, down -45.90 points or -0.85 %.
The Nifty futures closed and settled finally at 5349.45, down by -38.40 points or -0.71 %. It is looking bearish in the coming trading session if it manages to trade support level of 5310 else above resistance level of 5375 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5375 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5175 mark.


Posted By Commodity MCX Tips