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Wednesday, April 6, 2011

Nifty Futures Trend For Tomorrow 07-April

Markets succumbed to selling pressure after the sharp rally seen in the past two weeks as investors cashed out of banking shares on concerns that higher oil prices will fuel inflation. The markets end in the red, the S&P CNX Nifty ended at 5891.75, down by 18.30 points or - 0.31 %.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: 5975 & 6075.
SUPPORT: 5870 & 5770. 

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