Friday, May 6, 2011

NIFTY TREND TODAY 6th May


Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC,  HDFC Bank  and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.

NIFTY is near its bottom level in March, i.e.around 5360 and this can be a strong support.
The global markets are in red, but we started to fall early and may stop falling early- 

NIFTY SUPPORT AND RESISTANCE :-


RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

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