Wednesday, July 13, 2011

Nifty tips for today 14 July

Nifty was on a bull trend yesterday and closed at 5585 .Today the first resistance for nifty is at 5606-11 level.Next resistance is at 5623-26 level.Next resistance is at 5657-62 level.Next resistance is at 5683-86 level.Next resistance is at 5696-5700 level.Next resistance is at 5727-32 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 5566-62 level.Next support is at 5545-43 level.Next support is at 5525-20 level.Next support is at 5496-92 level.Next support is at 5460-57 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.A halt in the bear move and Nifty closed higher at 5585 but trend had not changed to bull side So unless a close above 5626 we cannot say nifty to be in bull trend.So today the main intraday hurdle is are at 5605-10 and 5623-26 level and better long should be taken only above this level and on down side alert below 5562 level and long below 5540.

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