NIFTY LEVELS AND MARKET PREDICTION : 12 JULY 11

Nifty Spot Level
                                                                                                                

The Index opened   at  5,648.05 and finally closed at 5,616.10 rallying

-44.55 points (-0.79%) . The Intraday high and low of the day were 5,652.90 and 5,601.70 respectively. The Indian stock markets sold off on Monday, extending the previous session's selloff, as investors decided to stay on the sidelines ahead of the release of the latest IIP data and Infosys results.

The Nifty Futures also made an down  rally of -44.55 or (-0.79%) and finally settled at 5,616.10 The 30-share BSE Sensex was trading at 18,721 down 137 points

In upcoming trading session market is expected to be down trend if it strongly trades between  5595 -  5655  in  narrow perspective and in broad perspective it seems to be vary between 5555- 5695

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5595 ( support 1)          5555 (Support 2 ) 

5655  (Resistance 1)   5695 (Resistance 2 )