NIFTY LEVELS AND MARKET PREDICTION : 13 JULY 11

Nifty Spot Level
                                                                                                        

The Index opened   at  5,556.90 and finally closed at 5,526.15  

rallying  -89.95 points (-1.60%)

The Intraday high and low of the day were 5,580.25 and 5,496.95 respectively.

The Nifty Futures also made an down  rally of -89.95 or (-1.60%) and finally settled at 5,526.15 . The 30-share BSE Sensex was trading at 18,411.62 down -309.77 points.

Market was down due to the weak global marketus market went down badly on Monday and European market is also trading in red as investors again started to worry about the worsening debt crisis.

Market is expected to follw the downtrend untill any supporting events happening in the market. but in long run market is bullish. Market is weak due to the weak global marketif it strongly trades between  5480 -  5555 in  narrow perspective and in broad perspective it seems to be vary between 5410- 5600

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5480 ( support 1)          5410 (Support 2 ) 

5555 (Resistance 1        5600 (Resistance 2 )