Monday, July 4, 2011

Nifty tips for today 5 July

Nifty was on a slight bull trend yesterday and closed at 5650.Today the first resistance for nifty is at 5664-67 level.Next resistance is at 5680-83 level.Next resistance is at 5702-07 level.Next resistance is at 5725-30 level.Next resistance is at 5751-55 level.Next resistance is at 5797-02 level. On downside first support is at 5638-33 level.Next support is at 5619-14 level.next support is at 5595-90 level. Next support is at 5549-45 level.Next support is at 5503-98 level.Next support is at 5438-35 level.Next support is at 5416-12 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.Nifty is still in short term bull run but if nifty tardes below 5600 it is negative and trend can take a u-turn and long position better should be taken only above 5730 level.So today unless there is strong positive cue do not go with long side and main intraday resistance are at 5680 and 5707 level and down side main intraday support are at 5615 and 5590 level

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