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Thursday, May 12, 2011

Nifty Futures Trend and Intraday Tips For Tomorrow 13-May

The S&P CNX Nifty closed down -78.90 points or -1.40 % at 5586.15. The Nifty went red due to fall in Sterlite Industries, Hindalco, Sesa Goa, HDFC Bank, Power Grid Corp. etc.

The Nifty futures closed and settled finally at 5486.60, down by -78.05 or -1.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 above the resistance level of 5580 it would be in an upward trend.

RESISTANCE: 5580 & 5730 mark.
SUPPORT: 5440 & 5350 mark.

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