Today Equities ended a lackluster session on a positive note as the market discounted higher than expected inflation. WPI May inflation rose to 9.06 per cent as against 8.66 per cent in April. National Stock Exchange's Nifty ended at 5500.50, and was up by 17.70 points or 0.32 % per cent. The broader index touched a high of 5520.15 and low of 5484.20 intraday.
Nifty futures closed and settled at 5516.10 and up by 17.60 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5545 it would be in an upward trend.Support & Resistance for Wednesday:-
It has resistance close to the level of 5545 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5490 & below this level the next support is near 5310 mark.
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