Tuesday, July 5, 2011

Nifty tips for today 6 July

Nifty was on a slight bear trend yesterday and closed at 5632.Today the first resistance for nifty is at 5645-48 level.Next resistance is at 5659-64 level.Next resistance is at 5680-83 level.Next resistance is at 5709-15 level.Next resistance is at 5725-30 level.Next resistance is at 5748-53 level.Next resistance is at 5797-02 level. On downside first support is at 5620-17 level.Next support is at 5606-02 level.next support is at 5589-85 level. Next support is at 5551-46 level.Next support is at 5508-02 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 is below 5600 it is negative and trend can take a u-turn so be very alert and below 5580 there will be free fall.Better long should taken only if nifty trades above 5730 level.So today the main intraday resistance are at 5664 and 5684 level and down side main intraday support is at 5602 level and below that level no intraday long.

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