Nifty trading levels and support for 7 April 2011

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Nifty was on very slight bear trend last day and closed at 5991 .Today the first resistance for nifty is at 5910-15 level.Next resistance is at 5932-35 level.Next resistance is at 5963-68 level.Next resistance is at 6025-30 level.Next resistance is at 6101-06 level. On downside first support is at 5873-69 level.Next support is at 5850-46 level.Next support is at 5830-27 level.Next support is at 5815-10 level.Next support is at 5767-64 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 resistance is at 5935 level and support for down side is at 5850 level.The prospects of upside remain bright only above 5967 level and unless nifty is above that level we recommend partial book on long position.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5764 5704 5700 5645 5583 5572 5512 5503 . Positional Immediate resistance for NIFTY is 5956

NIFTY ANALYSIS- OSCILLATOR

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