Saturday, July 23, 2011

Market Prediction : Intraday Nifty For 25 July 2011

It was a sudden up move for the market on Last trading day of the week and Nifty ended with very positive note due to firm global cues. Nifty could able to cross 5600 mark and with a gain of 92.35 point, closed at 5633.95. Though it was a good move but it can not said to be breakout for the market to catch the rally. Global concerns are still there and market may take even reverse move from here.
Futures derivative of NSE Index also rose up by 97.40 points and finally settled at 5641.60 .
Technically first crucial resistance is likely to fall near 5670 above which Nifty futures may test levels like 5690-5720. Below 5600 it may fall down to 5570 mark.


Posted By Commodity MCX Tips