Thursday, February 09, 2012
Indian Share Market Tips for Today | Nifty Futures Technical Overview
Intraday Share Market Tips for Today
Nifty Futures Technical Overview for Today
Markets closed higher on Wednesday, amid a volatile trading session, led by index heavyweight RIL and Infosys. The 30-share Sensex ended at 17707.32 up 84.87 points or 0.48 % and the 50-share Nifty ended at 5368.15 up by 33 points or 0.62 %. The Sensex and the Nifty reached an intra-day high of 17,809.21 levels and 5,396.90 mark, respectively. On the global front, Asian markets advanced after Toyota Motor raised its profit forecast and as Greece's government edged closer to securing a bailout package. Strait Times, Shanghai Composite Nikkei, Kospi, Hang Seng and Taiwan Index gained between 0.3 - 1 %.
Resistance – 5420, 5330 Support - 5560, 5260
Nifty Futures shut stop at 5388.50 up by 33.30 points or 0.62 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5450 else below support level of 5330 it would be in a downward trend.
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