Saturday, 7 May 2011

Intraday Calls For Next Week (Nifty On Monday, May 9, 2011)

The benchmark S & P CNX Nifty NSE snapped its nine consecutive defeats to win the session 91.60 points in early trading Friday on the purchase of new on the relaxation of macro-economic concerns in light of a sharp drop in crude prices.

Nifty futures closed and finally settled in 5555, after 96.60 or 1.77%. It seems optimistic in the next session if it succeeds on the strength level of 5595 if the funding level for 5415 would be in a downward trend.

It has a resistance near the 5595 level and above the next resistance level near the mark of 5730. It has nearly 5,415 support level and below that level next support near the marks 5310.

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