Share market Intraday tips | Support and Resistance for tomorrow 16 march 2011
Nifty Support and resistance
Trend: - Consolidate
Resistance: -5570 5650
Support: - 5490, 5400
Strategy: - Sell on highs
Bank Nifty Support and resistance
Trend: - Consolidate
Resistance: - 11040 11300
Support: - 10780, 10640
Strategy: - Sell on highs
Stock Market Hot News
Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.
Nifty Support and resistance
Trend: - Consolidate
Resistance: -5570 5650
Support: - 5490, 5400
Strategy: - Sell on highs
Bank Nifty Support and resistance
Trend: - Consolidate
Resistance: - 11040 11300
Support: - 10780, 10640
Strategy: - Sell on highs
Stock Market Hot News
Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.
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