Nifty Prediction and Levels for Tomorrow- Tuesday 6th September 2011
S&P CNX Nifty opened in the negative zone at 4999 following global cues and after touching a low of 4965, managed to recover some lost ground and touch a high of 5030.30. The index finally ended near that level at 5017.20 which is down by -22.20 points.
Nifty Futures finally settled and closed at 5010.30 down by 23.80 or -0.47 %. It is looking bearish in the coming trading session if it would be able to manages to trade below the support level of 4950 or above the resistance level of 5025 it would be in an upward trend.
Support and Resistance Levels for Tuesday:-
Resistance1- 5025 & above this level
Resistance2- 5080.
Support1- 4950 & below this level
Support2- 4800.
S&P CNX Nifty opened in the negative zone at 4999 following global cues and after touching a low of 4965, managed to recover some lost ground and touch a high of 5030.30. The index finally ended near that level at 5017.20 which is down by -22.20 points.
Nifty Futures finally settled and closed at 5010.30 down by 23.80 or -0.47 %. It is looking bearish in the coming trading session if it would be able to manages to trade below the support level of 4950 or above the resistance level of 5025 it would be in an upward trend.
Support and Resistance Levels for Tuesday:-
Resistance1- 5025 & above this level
Resistance2- 5080.
Support1- 4950 & below this level
Support2- 4800.
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