23 July, 2014 17:07 IST
Nifty resistance seen close to level of 5,670: CapitalVia Global
Source: IRIS (19-NOV-12)
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The market declined last week as weakness in global stocks hit investor sentiment adversely. Key benchmark indices declined in all four trading sessions as weak economic data in the domestic market also concerned investors.

The 50-share Nifty index was at 5,574.05, down -56.95 points or -1.01%. The broader index touched a high of 5,650.15 and a low of 5,559.80 in trade today.

''Nifty Futures closed at 5580.55 with a loss of -68.60 points . Nifty opened gap down and traded with negative biaseness and  Nifty managed to give closing below psychological level of 5,600,'' said CapitalVia Global Research, while commenting on market outlook.

''Nifty has first resistance close to the level of 5,670 and above this level the next resistance is seen near the 5,740 mark. Nifty has first support close to the level of 5,530 and below this level the next support is seen near 5,430 mark.''

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