Nifty Tips for today 28 April 2011

Market Trend for tomorrow

Nifty was on slight bear trend last day and closed at 5833.Today the first resistance for nifty is at 5854-57 level.Next resistance is at 5874-78 level.Next resistance is at 5903-08 level.Next resistance is at 5924-28 level.Next resistance is at 5958-63 level.Next resistance is at 5975-76 level.Next resistance is at 6025-29 level.Next resistance is at 6103-08 level. On downside first support is at 5815-11 level.Next support is at 5792-87 level.Next support is at 5764-60 level.Next support is at 5752-48 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 5658-55 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.The resistance range of 5900 is once again become stronger and nifty find difficult to trade pass that level.So today also the main crucial level is 5903-08 level.The main support for intraday is at 5787 level and main resistance is 5878 level.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5818 5750 5733 5694 5640 5598 5572 . Positional Resistance for NIFTY is 5862

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis 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 SELL