Get Free Nifty Technical Outlook: Trend Range (Monday 1 August)
The pre-opening session of the market begins with the Nifty and Sensex indicating a firm start today. The SGX Nifty is at 5549, up 59 points. Nifty has given a weak closing at 5482 If Nifty spot stays below 5536 fresh selling pressure may be seen in Nifty today however staying above 5597 it may go to 5475 and even may test 5414 level.
Last closing of Nifty was near at 5482 points and it predicted that it will be in down trend today.
Top NSE Gainers : ITC Ltd., Ranbaxy, Ambuja Cement, ACC, Axis Bank, ICICI, Maruti Suzuki Ltd. , Reliance Communications.
Resistance : Its first resistance level is at 5536 and above this level it could test the resistance level near the 5597 points.
Support : Its first support level is at 5475 and below this level it could have support level near 5414 points.
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