Nifty Intraday Trends for today 4 April 2011

Nifty tips FREE

Nifty was on slight bear trend last day and closed at 5826 .Today the first resistance for nifty is at 5840-45 level.Next resistance is at 5854-58 level.Next resistance is at 5875-80 level.Next resistance is at 5930-34 level.Next resistance is at 5962-66 level. On downside first support is at 5812-10 level.Next support at 5799-97 level.Next support is at 5776-71 level.Next support is at 5731-26 level.Next support is at 5702-98 level.Next main support is at 5679-76 level.Next support is at 5655-50 level.Next support at 5618-15 level.Next support is at 5600-97 level.Next support is at 5563-59 level.Next support is at 5549-45 level.Next support is at 5528-25 level.Next support is at 5506-02 level.So today for intraday long position should be better above 5858 level and below 5795 no long.Positionally the main hurdle on upside is at 5933 level and main support on downside is at 5730-26 level.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5715 5691 5620 5583 5564 5521 5492 5472 . Positional Immediate resistance for NIFTY is 5884

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region.