Thursday, July 7, 2011

Nifty Intrday Tips: Levels for today 7 July 2011

Like we said earlier the market moved in a consolidated phase on Wednesday and today also the S&P CNX Nifty index trade in very narrow range of 35-40 points. However the FII supported the market in the early hours of the session but after making a high of 5667.50 nifty dragged down to 5625.25 and closed with a loss of 6.65 points (-0.12%).

The nifty Futures also settled with moderate loss of 14.45 points and closed at 5636.65. Market is likely to be in range-bound for rest of the week also.
Resistance for Nifty is seen near 5665 above which the next resistance is 5686.
Where as the crucial support is likely to remain at 5600 level.


Posted By Commodity MCX Tips