Thursday, May 5, 2011

Nifty levels for today 5 May 2011

Inraday Tips for today
Nifty was on bear trend last day and closed at 5537.Today the first resistance for nifty is at 5558-62 level.Next resistance is att 5579-84 level.Next resistance is at 5611-15 level.Next resistance is at 5632-37 level.Next resistance is at 5659-63 level.Next resistance is at 5685-88 level.Next resistance is at 5706-09 level.Next resistance is at 5725-29 level.Next resistance is at 5748-52 level.Next resistance is at 5788-93 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 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 5520-15 level.Next support is at 5500-95level.Next support is at 5460-57 level.Next support is at 5410-17 level.So nifty again back in bear zone but had find support at 5500 level .So today the bear sentiment will sustain if nifty goes below 5495 level and no long below 5520 level and on upside intraday resistance is at 5562 and 5584 level.

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