Sunday, April 24, 2011

NIFTY LEVELS FOR TODAY-NIFTY ANALYSIS 25 April

Nifty levels range free for today

Nifty was on slight bull trend last day and closed at 5884.Today the first resistance for nifty is at 5900-03 level.Next resistance is at 5918-23 level.Next resistance is at 5943-46 level.Next resistance is at 5958-63 level.Next resistance is at 6025-29 level.Next resistance is at 6103-08 level. On downside first support is at 5867-64 level.Next support is at 5850-45 level.Next support is at 5825-21 level.Next support is at 5805-02 level.Next support is at 5775-70 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 Monday the trend will be crucial for nifty. If nifty strongly trades above 5923 we expect the trend will be sided with bulls.So Better take long only if above 5923 .We can expect higher levels of 6030 and 6103 in coming days if nifty is above that level. On down side caution below 5850 and no long below 5820

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5829 5823 5724 5701 5692 5605 5564 5563 . 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

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