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Wednesday, April 13, 2011

Nifty Futures Outlook For Fri 15, April

Indian markets pulled back after lying low for five sessions and ended near psychological resistance levels. All the pectoral indices ended in the green with capital goods, auto and banking stocks leading the up move. The S&P CNX Nifty closed at 5911.50, up by 140.35 or 2.42 %. 

The Nifty futures closed and settled finally at 5944, up by 140.35 points or 2.42 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5750 it would be in a downward trend.

RESISTANCE: 5950 & 6000.
SUPPORT: 5750 & 5695.

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