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Tuesday, June 21, 2011

Nifty Technical Outlook Today 21 June

Nifty Tips Levels Trend Range Tuesday 21 June:-
 The pre-opening session of the market begins with the Nifty and Sensex indicating a start in the green today. The SGX Nifty is at 5260, down 4 points.Nifty has given a weak closing at 5257.9.Trend change point is more than 100 points up from last Nifty closing which suggest higher chances of volatile movement in market.market is looking to swing on both sides which can create confusion for market readers. It is expected that markets will be in down trend again.
Top NSE Gainers were:- Reliance Communication, Kotak Mahindra Bank, Tata Motors, Siemens Ltd. , Cairn India.

Resistance : Its first resistance level is at 5320 and above this level it could test the resistance level near the 5378 points.
Support : Its first support level is at 5200 and below this level it could have support level near 5142 points.

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