As we predicted yesterday Nifty closed today in negative, Nifty breaks all the major support levels like 5480 5450 and 2350. Now what can lift Nifty up again. we still in bearish mode.
Nifty intraday Support and Resistance levels for Friday. Tomorrow Nifty may open in neutral and slight short covering can be seen at this levels.
Here are the intraday levels for nifty for 05 August 2011
SUPPORT: Tomorrow NIFTY may have first support close to the level of 5300 & below this level the next support is seen near 5250 mark.
RESISTANCE: Tomorrow NIFTY may have first resistance close to the level of 5350 and above this level the next resistance is seen near the 5380mark.
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