Nifty levels and range for today 10 may 2011

Nifty tips for tomorrow

Nifty was on slight volatile trend last day and closed at 5551.Today the first resistance for nifty is at 5575-80 level.Next resistance is at 5599-04 level.Next resistance is at 5635-40 level.Next resistance is at 5675-80 level.Next resistance is at 5706-09 level.Next resistance is at 5728-32 level.Next resistance is at 5748-52 level.Next resistance is at 5793-97 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 level. On downside first support is at 5530-25 level.Next support is at 5502-97 level.Next main support is at 5463-58 level.Next support is at 5410-06 level.Next support is at 5350-45 level.Next support is at 5320-17 level.Next support is at 5302-00 level.The nifty is still in bear region but had a strong support at 5450 level So be alert below that level.So today the main intraday resistance are at 5583 and 5604 level and better intraday long only above 5604 level On down side main intraday support is at 5525 amd 5495 level and no long position if below 5525 level.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Immediate support for NIFTY is 5433. Positional Resistance for NIFTY is 5594 5600 5644 5671 5690 5691 5723 5765 5784

NIFTY ANALYSIS- OSCILLATOR

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