Wednesday, August 17, 2011

Market Prediction: Nifty For 18 August 2011

It was a choppy session for Indian markets which ended with moderate gains. Spot Nifty closed at 5056.60 with a gain of 20.80 points (0.41%).
Nifty Futures shut stop at 5069.70 up by 42 points or 0.84 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5005 else above resistance level of 5140 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.
SUPPORT: It has first support close to the level of 5005 & below this level the next support is seen near 4950 mark


Posted By Commodity MCX Tips