Nifty Futures- Intraday tips (6th July 2011)

As we expected yesterday the market today faced a consolidated phase on Tuesday. Lack of global cues resulted in less volume in the market which let Nifty index to open with flat note. Nifty Index dragged 0.33% with the loss of 18.40 points.

Nifty futures settled at 5651.10 with a decline of 14.57 bearing a loss of 0.26 %.

An upside trend can be seen in Nifty if it able to break above 5674 which can lead Nifty To touch 5693-5726 level initially. Below 5600 Nifty may face downtrend.

Technical Levels-

The first resistance close to the level of 5674 & above this level the next resistance is seen near the 5700 mark.

It has first support close to the level of 5628 & below this level the next support is seen near 5600 mark. 

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Nifty Futures Prediction for Thursday 10th March 2011

The Nifty futures closed in the red and settled finally at 5532, down -4.25 points or -0.08 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 above this level it would be in a bullish trend else below 5315 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5625  mark.

SUPPORT: It has first support close to the level of 5506 & below this level the next support is seen near  5460 mark.

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