Nifty Outlook:Tips Trend Levels (Monday 8 August):
Due to weak global cues the markets started on a very weak note. Both big benchmarks NSE BSE are trading in red. But in some experts view the markets may bounce back after this gap-down start. At this hour Sensex is trading at 16840, down 465 points and Nifty is at 5076, down 135 points from their previous closes.
Nifty (Spot) Intraday Tips & Support-Resistance Levels: Last closing of Nifty was at 5224 points and it is predicted that it will be in down trend today.
Resistance : Its first resistance level is at 5251 and above this level it could test the resistance level near the 5310 points.
Support : Its first support level is at 5195 and below this level it could have support level near 5132 points.
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