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Nifty Prediction for Wednesday 11 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 10, 2011.

  1. rohans305

    rohans305 Member

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    The markets closed flat for the second consecutive day with bouts of volatility witnessed throughout the day. The S&P CNX Nifty closed down -9.85 points at 5541.25, down 51 points from the day’s high.
    The Nifty futures closed and settled finally at 5545.80, down by 12.85 or -0.23 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.
    It has resistance close to the level of 5605 & above this level the next resistance near the 5730 mark. It has support close to the level of....read more
     
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