Market Forecast: Tomorrow Nifty position

The market extended its consolidated pattern on Monday as well and ended flat after making a valley during afternoon trades. Before that Nifty opened the day higher on the back of positive global cues and touched 5300 level but soon gave up all gains due to weakness in realty stocks and dropped down to a low of 5252. After that it attempted to recover as European market bounced back and Nifty finally ended at 5289.35 up by 5.15 points.

Nifty Futures lost 5.85 points and settled at 5311. Now if supported by cues we can see an upside in market tomorrow. Nifty futures, above 5337 can touch the level of 5355-5372 and even 5390 later while below 5289 which is crucial downside support, it may slip down to 5255. Still Nifty has major support level at 5200 level.

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Nifty Forecast for 17 March : Technical Levels

The Indian markets ended in the positive territory, a pullback rally made nifty to close above the psychological level of 5500.The S&P CNX Nifty closed at 5511.15, up 61.50 points or 1.13 %.

The Nifty futures closed in red and settled finally at 5529.15, up 81.55 points or 1.50 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 above this level it would be in a bullish trend else below 5475 it might be in a downward trend

RESISTANCE: It has first resistance close to the level of 5575 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5375 mark.

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Nifty Forecast For Monday 7th March 2011

The S&P CNX Nifty closed today  at 5538.75, up 2.55 points or 0.05. The Nifty Benchmark ended at 5547.54 up 3.05 points or 0.06 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5715 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5375 mark.

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