Nifty tips for tomorrow 11 Aug 2011

Stock Market Review:-

The Indian Stock Market performed well today, in the morning indian markets opened up 2 per cent and stable to stay around that. Nifty closed 88 points up at 5161,  Sensex closed at 17113 (provisional), up 255 points from its previous close,  auto was the biggest gainer of today's session.

In the short term prospective we are in bearish mode in coming days. Nifty may touch news lows.

Nifty tips trends and levels for tomorrow 11 August 2011:-

Nifty SUPPORT: Tomorrow NIFTY may have first support close to the level of 5140 & below this level the next support is seen near 5120 mark.

Nifty RESISTANCE: Tomorrow  NIFTY may have first resistance close to the level of 5180 and above this level the next resistance is seen near the 5220 mark.

Intraday Nifty Trends Levels for today 26 April 2011

Intraday Nifty Tips Tomorrow

Nifty was on very slight bear trend last day and closed at 5874.Today the first resistance for nifty is at 5887-90 level.Next resistance is at 5905-10 level.Next resistance is at 5924-27 level.Next resistance is at 5959-64 level.Next resistance is at 6025-29 level.Next resistance is at 6103-08 level. On downside first support is at 5860-57 level.Next support is at 5844-41 level.Next support is at 5822-16 level.Next support is at 5780-75 level.Next support is at 5751-48 level.Next support is at 5732-28 level.Next support is at 5703-00 level.Next support is at 5686-84 level.Next support is at 5670-68 level.Next main support is at 5655-50 level.Next support at 5633-29 level.Next support is at 5600-97 level.Next support is at 5552-48 level.Next support is at 5528-25 level.Next support is at 5506-02 level.So today if nifty strongly trades above 5927 we expect the trend will be sided with bulls.So Better take long only if above 5927 .We can expect higher levels of 6030 and 6103 in coming days if nifty is above that level. On down side caution below 5840 and no long below 5816.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5835 5821 5727 5716 5693 5615 5574 5568 . Positional Immediate resistance for NIFTY is 5925

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- The signal is BUY