Nifty Spot Levels : 13 june 11

Today market closed down -35.25 points or  (-0.64%) and finally settled at  5,485.80   and  sensex closed down  -116.36 points or (-0.63%) and finally settled at 18,268.54 

Industrial output data vibrated  the market a bit today. If we talk about old series IIP of April grew at 4.4% Which is less as compared to growth of 7.3% in previous month. IIP grew at 6.3%, As per new series, which have 45% more items than old series

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of  5445 -5530 and if it breaks the level  5445 then it would be go down and next support would be 5400 and if it breaks the level 5530 then would go higher and next resistance would be 5575  i.e nifty would vary between broad range of 5400-5575.

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