Nifty Spot Levels : 20 july 11

The Sensex stumbled -54.88 points to close at 18,502.38

 and the Nifty shed -46.50 (-0.83%) points to settle at 5,567.05  

  

The Indian equities ended near the day’s low, with the Nifty closing below 5600. The BSE Sensex finished 150 points lower after opening near the day’s high.

Despite the positive global market, The Nifty was unable to profit from the jumpstart as investors digested a wave of disappointing quarterly earnings. Excepting IRB Infra and Petronet LNG, most other companies announcing their results declined today

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 5530: 5600 and if it breaks the level 5530

then it would be go down and next support would be 5485

and if  it breaks the level 5650 then would go higher and next resistance would be 5630 i.e  Nifty would vary between broad range of  5485- 5650.