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Technical View On Nifty July 18th 2011
Benchmark indices of Indian equities markets snapped a three- week rally to end over a percent lower this week as traders booked profits across the market breadth. Fears of deficientmonsoon also affected traders after the India Meteorological Department said monsoon rains were 19 percent below normal in the week ending July 13. At the National Stock Exchange, the 50-scrip S&P CNX Nifty closed 0.59 percent or 33.45 points up at5,660.65 points Friday.

SUPPORT: 5521 & 5485
RESISTANCE: 5611 & 5660

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