Monday, 30 May 2011


Today market closed down  -3.00 points or   (-0.05%) and finally settled at 5,473.10  and  sensex closed down  -34.04 points or  (-0.05%) and finally settled at 18,232.06.

Nifty closed and settled finally at  5,473.10  down  by  -3.00 points. Indian equity benchmarks closed flat with a negative bias on Monday. It was a completely directionless trade for the market amid low volume. However, the broader indices outperformed benchmarks.

Market will be consolidate  in upcoming trading session. If it manages to trade at Support level 5440  then market would be upward trend and if breaks this level then it would go down by 55  points i.e., 5395  and if its does not sustain to this level then would decline  by 50  points more .
Nifty Manages below this level 5500 then market would be downward trend and if it breaks then would go higher about 40 points that is 5540.

Support : It has first support near to the levels of 5440and below this level near to   5395
Resistance: It has First seen near to 5500and above  this level near to  5540


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