Thursday, July 7, 2011

NIFTY SPOT LEVEL AND MARKET PREDICTIONS : 8 JULY 11


Nifty Spot Level
                                                                                                          
The Index opened up  at  5,633.35 and finally closed at 5,728.95 rallying
+103.50 points (1.84%) The Intraday high and low of the day were 5,737.15 and 5,632.95 respectively.

The Nifty Futures also made an up rally of
+103.50 points or (1.84%) and finally settled at5, 728.95, The 30-share BSE Sensex was trading at 19,078.30, up 351.33  points
In upcoming trading session market is expected to be consolidate  if it strongly trades between  5695-  5760  is looking bearish in  narrow perspective and in broad perspective it seems to be vary between 5655- 5805

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5695 ( support 1)        5655 (Support 2 )
5760 (Resistance 1)    5805 (Resistance 2 )

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