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Nifty Technical Views for Tuesday 10 May

Discussion in 'Stock Market News & Analysis' started by rohans305, May 9, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    The markets ended on a flat note today, after gyrating between zones during intra-day trades. The S&P CNX Nifty was down -0.35 points at 5551.10, after having recovered 48 points from the day's low of 5502.40. The international cues were not encouraging either.
    The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. 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 5595 & above this level the next resistance near the 5730 mark. It has support close to the level of....read more

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