Nifty intraday levels for today 21 June 2011

Nifty was on strong bear trend yesterday and closed at 5257 hope every one remember our caution.Today the first resistance for nifty is at 5279-83 level.Next resistance is at 5308-12 level.Next resistance is at 5328-32 level.Next resistance is at 5357-61 level.Next resistance is at 5389-94 level.Next resistance is at 5420-23 level.Next resistance is at 5437-42 level.Next resistance is at 5477-80 level.Next resistance is at 5516-21 level.Next resistance is at 5556-61 level.Next resistance is at 5606-10 level. On downside first support is at 5232-28 level. Next support is at 5208-04 level.Next support is at 5177-75 level.Next support is at 5157-54 level.Next support is at 5075-72 level.Next support is at 5039-35 level.Nifty has now in bear region so be very alert. So today unless nifty is above 5312 no intraday long and positionally no long until a close above 5450.Below 5175 more selling will happen.

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