Monday, 23 May 2011

Nifty Spot Levels : 24 may 11

Today market closed down  -99.80 points or   -1.82%and finally settled at  5,386.55  and  sensex closed down  -332.76 points or  (-1.82%) and finally settled at 17,993.33 

Nifty closed and settled finally at 5,386.55  down   by  -99.80 points. Indian equities fell sharply on Monday, snapping Friday's gains, as concerns of Europe's sovereign debt re-surfaced. Tracking a sell-off on Asian bourses, followed by lower-than-street-estimates earnings from engineering bellwether BHEL and gains in the dollar index, investors opted for safer bets over riskier assets.

Market will be uncertain  in upcoming trading session. If it manages to trade at Support level 5325  then market would be upward trend and if breaks this level then it would go down by 55  points i.e., 5270 and if its does not sustain to this level then would decline  by 45 points more .
Nifty Manages below this level 5425 then market would be downward trend and if it breaks then would go higher about55 points that is  5470
Support : It has first support near to the levels of  5325  and below this level near to  5270
Resistance : It has First seen near to5425and above  this level near to 5470


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