Tomorrow market trend (23 november 2011)

Priyanshu Abhyankar (Bullion Analyst) (28 Points)

22 November 2011  

Markets ended with marginal gains, albeit off the day's high, as buying continued in metal and IT shares. NSE Nifty touched a high of 4854 after gaining steadily for most part of the day. The Nifty edged up 34 points to 4812.35.

Nifty Futures shut stop at 4803.10 up by 19.80 points or 0.41 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4760 else above resistance level of 4880 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 4880 & above this level the next resistance is seen near the 4930 mark.

SUPPORT: It has first support close to the level of 4760 & below this level the next support is seen near 4650 mark.