Nifty intraday tips for today 10 June 2011

Nifty was on slight bear trend yesterday and closed at 5521.Today the first resistance for nifty is at 5538-42 level.Next resistance is at 5565-70 level.Next resistance is at 5604-08 level.Next resistance is at 5620-25 level.Next resistance is at 5646-50 level.Next resistance is at 5688-93 level.Next resistance is at 5729-33 level. On downside first support is at 5501-96 level.Next support is at 5482-78 level.Next support is at 5458-55 level.Next support is at 5419-16 level.Next support is at 5403-00 level.Next support is at 5380-75 level.Next support is at 5336-31 level.Next support is at 5311-06 level.Next support is at 5282-78 level.Next support is at 5232-28 level.Next support is at 5177-75 level.The nifty is moving in small range for past few days so chance are high to have a break out to either direction tommorow .So today it is better to take long above 5570 level and on downside below 5500 be alert and no long if nifty is below 5480.

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