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Nifty Prediction and Levels for Tomorrow- Friday 28th July 2011

Today Nifty was down by 56.05 and closed below 5500 mark at 5487.75. Out of 50 stocks in NSE Nifty, 37 stocks ended in red. Nifty Futures is currently in sideways trend. Now markets may take upside move and some recovery from here may be seen. The support level for downside is near 5440-20 and if it breaks the level, it can suffer some serious sell offs. Resistance is near 5500-5522 levels.

Nifty Futures Support and Resistance Levels for Friday:-
Resistance1- 5510.66
Resistance2- 5522.63
Support1- 5486.74
Support2- 5474.77


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