Intraday Nifty Trends Levels for today 26 April 2011

Intraday Nifty Tips Tomorrow

Nifty was on very slight bear trend last day and closed at 5874.Today the first resistance for nifty is at 5887-90 level.Next resistance is at 5905-10 level.Next resistance is at 5924-27 level.Next resistance is at 5959-64 level.Next resistance is at 6025-29 level.Next resistance is at 6103-08 level. On downside first support is at 5860-57 level.Next support is at 5844-41 level.Next support is at 5822-16 level.Next support is at 5780-75 level.Next support is at 5751-48 level.Next support is at 5732-28 level.Next support is at 5703-00 level.Next support is at 5686-84 level.Next support is at 5670-68 level.Next main support is at 5655-50 level.Next support at 5633-29 level.Next support is at 5600-97 level.Next support is at 5552-48 level.Next support is at 5528-25 level.Next support is at 5506-02 level.So today if nifty strongly trades above 5927 we expect the trend will be sided with bulls.So Better take long only if above 5927 .We can expect higher levels of 6030 and 6103 in coming days if nifty is above that level. On down side caution below 5840 and no long below 5816.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5835 5821 5727 5716 5693 5615 5574 5568 . Positional Immediate resistance for NIFTY is 5925

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- The signal is BUY