Wednesday, July 6, 2011

NIFTY SPOT LEVEL AND MARKET PREDICTIONS : 7 JULY 11



Nifty Spot Level
                                                                                                              
The Index opened up  at  5,622.70  and finally closed at 5,625.45 rallying
-6.65 points (-0.12%) The Intraday high and low of the day were 5,655.40  and 5,610.75 respectively.

The Nifty Futures also made an up rally of -6.65 points or ( -0.12%) and finally settled at 5,625.45.The 30-share BSE Sensex was trading at 18,726.97 , down 17.59  points
In upcoming trading session market is expected to be consolidate  if it strongly trades between  5600 -  5660  is looking bearish 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
5600 ( support 1)        5555 (Support 2 )
5660 (Resistance 1)    5695 (Resistance 2 )


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