Thursday, July 14, 2011

NIFTY LEVELS AND MARKET PREDICTION : 15 JULY 11


Nifty Spot Level           

The Index opened  at 5,569.00 and finally closed at 5,599.80 rallying +14.35 points (0.26%).The Intraday high and low of the day were 5,653.95 and 5,541.70 respectively.

The
Nifty Futures also made an up rally of +14.35 or (0.26%)and finally settled at 5,599.80 .The 30-share BSE Sensex was trading at 18,618.20 down +22.18 points.

The Indian stock markets ended almost unchanged on Thursday amid a fickle trading session. After opening near day’s low in the early trades the Nifty rose sharply to cross past the 5,650 mark. However, markets were unable to build on the drive as the index fell over 50 points from their days high.
EXPECTED TO GO DOWN AS THE WEAK GLOBAL MARKET WILL FORCE INVESTOR TO BE ON SIDELINES. If it strongly trades between 5555 -  5625 in  narrow perspective and in broad perspective it seems to be vary between 5505- 5670

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

5555 (Support 1)          5505 (Support 2)
5625 (Resistance 1)      5670 (Resistance 2)

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