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Intraday Tips for Tomorrow- Nifty Trend for Tuesday 21st June 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, Jun 20, 2011.

  1. rohans305

    rohans305 Member

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    The markets continued falling. Today both the benchmark indices loose 2% in a single trading session and ended in red zone. The Top Gainers were Bharti Airtel, Hindustan Unilever L, Hero Honda Motor, Axis Bank, Punjab Nationl Bank and the top loosers were Reliance Communication Ltd, Reliance Infrastructure, Cairn India Ltd, Tata Motors Ltd, Reliance Capital. The S&P CNX Nifty finally closed at 5257.90, down -108.50 points or -2.02 %.
    Sen*** closed at 17507, and was down 364 points in comparison with its previous close. Nifty finally setteled below 5300, and was down by about 108 points.
    The S&P CNX Nifty opened flat but suddenly declined in initial hours, morning high of nifty was 5377. European markets are also weak FTSE index was down by 36 points, CAC by 46 points and DAX by 70 points.
    It was very tough day for nifty, the Nifty futures finally manages to close and settle at 5265, which was down by -115.10 points or -2.14 %. In comong trading session it seems bearish, if it manages to trade below the support level of 5175 else above resistance level of 5380 it would move in an upward trend.
    Support & Resistance Levels for Tuesday:-
    It has resistance close to the level of....read full post and related posts from Intraday Tips for Tomorrow
    Courtesy:- http://stock-intraday-tips.blogspot.com/
     
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