Nifty tips and Levels for today 21 july 2011

Nifty was on a bear trend yesterday and closed at 5567.Today the first resistance for nifty is at 5588-93 level.Next resistance is at 5613-18 level.Next resistance is at 5630-34 level.Next resistance is at 5654-59 level.Next resistance is at 5683-87 level.Next resistance is at 5728-33 level. Next resistance is at 5743-48 level.Next resistance is at 5788-93 level.Next resistance is at 5842-46 level. On downside first support is at 5555-51 level.Next support is at 5535-30 level.Next support is at 5518-15 level.Next support is at 5496-92 level.Next support is at 5475-70 level.Next support is at 5437-34 level.Next support is at 5410-05 level.Next support is at 5381-78 level.Next support is at 5363-60level.Next support is at 5330-25 level.next support is at 5309-05 level.Again a bear day but still nifty within the range we have mentioned 5540 and 5655.So today be very alert below 5530 and no long below this level.On higher side expect intraday barrier's at 5588-93 and 5613-18 level.Postionally main hurdle is at 5659 level.

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