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Intraday Tips for Tomorrow- Nifty Prediction Wednesday 25 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 24, 2011.

  1. rohans305

    rohans305 Member

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    Benchmarks ended choppy session on a positive due to lack of buying conviction amongst investors in absence of any trigger to drive the market. Losses in FMCG, realty and metals were offset by gains in capital goods, banks and pharmaceutical stocks. The S&P CNX Nifty ended at 5394.85, up 8.30 points or 0.15 %.
    The Nifty futures closed and settled finally at 5387.85, up by 4.40 points or 0.08 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5440 it would be in an upward trend.
    It has resistance close to the level of 5440 & above this level the next resistance near the 5540 mark. It has support close to the level of....read full post
     
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