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Monday, May 9, 2011

Nifty Futures Intraday Outlook For Tomorrow 10-May

The markets ended on a flat note today, after gyrating between zones during intra-day trades. The S&P CNX Nifty was down -0.35 points at 5551.10, after having recovered 48 points from the day's low of 5502.40. The international cues were not encouraging either.

The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. 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: 5595 & 5730 mark.
SUPPORT: 5500 & 5350 mark.

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