Tuesday, June 21, 2011

Nifty intraday tips for today 22 june

Nifty was on slight bull trend yesterday and closed at 5275 but hope for bulls is still away.Today the first resistance for nifty is at 5293-96 level level.Next resistance is at 5311-14 level.Next resistance is at 5326-29 level.Next resistance is at 5345-49 level.Next resistance is at 5374-77 level.Next resistance is at 5414-19 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 5257-54 level.Next support is at 5237-32 level. Next support is at 5210-05 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 even though yesterday trend was slightly positive we expect it is silence before a fall unless nifty close above 5420. So today unless nifty is above 5315 no intraday long and positionally no long until a close above 5420.Below 5230 more selling will happen.

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