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Tuesday, May 10, 2011

Nifty Futres Intraday Outlook For Tomorrow 11-May

The markets closed flat for the second consecutive day with bouts of volatility witnessed throughout the day. The S&P CNX Nifty closed down -9.85 points at 5541.25, down 51 points from the day’s high.

The Nifty futures closed and settled finally at 5545.80, down by 12.85 or -0.23 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: 5605 & 5730 mark.
SUPPORT: 5500 & 5440 mark.

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