Tuesday, July 5, 2011

NIFTY SPOT LEVEL AND MARKET PREDICTIONS : 6 JULY 11



  Nifty Spot Level
                                                                                        
The Index opened up green at5659.50and finally closed at 5632.10 rallying -18.40 points (-0.33%). The Intraday high and low of the day were 5,606 and 5,657 respectively.

The Nifty Futures also made an up rally of -18.40 points or -0.33%). and finally settled at 5632.10 .The 30-share BSE Sensex was trading at 18,763, down 51 points
High fall in heavyweights like BHEL, RIL, DLF, ITC and Continuous selling in realty, power and FMCG stocks pulled the Indian market down.

In upcoming trading session market is expected to remain positive  if it strongly trades between  5600 -  5660 is looking bearish in  narrow perspective and in broad perspective it seems to be vary between 5560 - 5695

SUPPORT AND RESISTANCE :
The Support and Resistance Zone for Nifty Spot levels would be 

5600 ( support 1)        5560 (Support 2 )
5660 (Resistance 1)    5695 (Resistance 2 )

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