Nifty Futures Trend For Tomorrow: 3rd Aug '11

Today Nifty Futures Closed at 5,467.45 with the down points of -65.50 or down by -1.18%. Nifty Futures showed selling pressure from resistance near 5,500 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5,460 level. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5,450. If Nifty Futures shows strength above 5,460 levels, then rally to 5,500/5,550/5,600 levels may be seen. If Nifty stay below the level of 5,460 levels then selling pressure till 5,400/5,350/5,300 levels may also be seen.

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