Today markets ended lower for the third straight day as slower IIP growth coupled with weak global cues weighed on the investor sentiment. Nifty opened in red and remained subdued until the industrial output data for the month of April came in at 6.3% and putting pressure on stocks. The S&P CNX Nifty touched a low of 5,457 in afternoon and recovered partially to close at 5,486, and down by -35.25 points.
Nifty futures was closed and settled finally at 5484.15 and down by -35 points or -0.63 %. It is looking bearish in the coming trading sessions if it manages to trade below the support level of 5440 else above resistance level of 5520 it would be in an upward trend.Resistance & Support for Monday:-
It has resistance close to the level of 5520 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5440 & below this level the next support near 5320 mark.
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