Nifty Prediction and Levels for Tomorrow- Wednesday 27th July 2011
Today CNX Nifty opened at 5688 and and made high of 5702 then it traded choppy till the RBI policy came. Sudden selling was seen in market as RBI announced rise of further 50 basis points. And Nify made intraday low of 5560. The Spot Nifty is now at 5574.85 down 105.45 points or -1.86 %.
Nifty Futures settled and closed at 5577.30 which is down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5555 or above the resistance level of 5710 it would be in an upward trend.
Nifty Futures Support and Resistance Levels for Wednesday:-
Resistance1- 5710 & above this level Resistance2- 5790.
Support1- 5555 & below this level Support2- 5490.
Today CNX Nifty opened at 5688 and and made high of 5702 then it traded choppy till the RBI policy came. Sudden selling was seen in market as RBI announced rise of further 50 basis points. And Nify made intraday low of 5560. The Spot Nifty is now at 5574.85 down 105.45 points or -1.86 %.
Nifty Futures settled and closed at 5577.30 which is down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5555 or above the resistance level of 5710 it would be in an upward trend.
Nifty Futures Support and Resistance Levels for Wednesday:-
Resistance1- 5710 & above this level Resistance2- 5790.
Support1- 5555 & below this level Support2- 5490.
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