Nifty Futures Trend For Monday (27th June'11)

After facing a huge bearish trend in starting of this week now market has been recovered fully from that in last trading session. Yesterday market took a record jump. Yesterday the Nifty futures closed at 5484 up by 167.80 points or 3.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5505 else below support level of 5335 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5335 & below this level the next support is seen near 5250 mark.