The Index opened up at 5,585.00and finally closed at 5,567.05 rallying
-14.05 points (-0.25%) .The Intraday high and low of the day were 5,609.00 and 5,560.10 respectively.
The Nifty Futures also made an down rally of -14.05 points or (-0.25%) and finally settled at 5,567.05 .The 30-share BSE Sensex was trading at 18,507.04 down
-54.88 points
India's first volatility index for the first day of the week and part of the business closed in negative terrain. Possible default of U.S. debt and the debt crisis infinite in a moist environment for investors and traders around the world.
Technology stocks, automotive and health led the cry off. The major indexes finished in red for second straight day.
In upcoming trading session market market can be seen trading in down trend. Seems to be strongly trades between 5525 - 5595 in narrow perspective and in broad perspective it seems to be vary between 5490- 5630
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
5525 ( support 1) 5490 (Support 2 )
5595 (Resistance 1) 5630 (Resistance 2 )
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