Friday, April 8, 2011

Nifty Trends tips and Range for 11 April 2011

Nifty was on bear trend last day and closed at 5842 .Today the first resistance for nifty is at 5870-74 level.Next resistance is at 5898-02 level.Next resistance is at 5924-28 level.Next resistance is at 5946-48 level.Next resistance is at 5960-63 level.Next resistance is at 6025-30 level.Next resistance is at 6101-06 level. On downside first support is at 5814-10 level.Next support is at 5784-79 level.Next support is at 5762-58 level.Next support is at 5734-29 level.Next support is at 5711-09 level.Next main support is at 5674-71 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.Yesterday we have told about profit booking at 5930 level and nifty had come down from that level,So today for intraday resistance is at 5902 level and below 5780 better no intraday long.Positionally the prospects of upside remain bright only above 5963 level and unless nifty is above that level we recommend partial book on long position.



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