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Nifty Technical Levels 12 May

Discussion in 'Stock Market News & Analysis' started by rohans305, May 11, 2011.

  1. rohans305

    rohans305 Member

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    The markets closed marginally higher on the third consecutive day of lackluster trades where the markets were mainly moving sideways. The S&P CNX Nifty closed up 23.80 points or 0.43 % at 5565.05.
    The Nifty futures closed and settled finally at 5562.80, down by 17 or 0.31 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5605 else below support level of 5510 it would be in a downward 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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