Wednesday, June 22, 2011

Nifty Today and Intraday Tips for 23 June 2011

The benchmark index had an insipid closing for the second consecutive trading session. In a repeat of the market behavior witnessed in the previous session, the domestic bourses were unable to sustain the gains for long. While the Asian markets maintained their momentum till close. The S&P CNX Nifty finally closed at 5278.30, up 2.45 points or 0.05 %.

The Nifty futures closed and settled finally at 5283.25 up by 5.40 points or 0.10 %. It is likely to trade negative in the coming trading session if manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend. 

RESISTANCE: The first resistance is seen near 5330 and  above this level the next resistance is seen near the 5380 mark. 

SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.

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Posted By Commodity MCX Tips