Nifty Intraday Trends and levels for today 6 May 2011

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 Nifty was on bear trend last day and closed at 5459.Today the first resistance for nifty is at 5491-94 level.Next resistance is at 5525-29 level.Next resistance is at 5558-62 level.Next resistance is att 5577-83 level.Next resistance is at 5611-15 level.Next resistance is at 5632-37 level.Next resistance is at 5659-63 level.Next resistance is at 5685-88 level.Next resistance is at 5706-09 level.Next resistance is at 5725-29 level.Next resistance is at 5748-52 level.Next resistance is at 5788-93 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 level. On downside first support is at 5427-24level.Next support is at 5396-91 level.Next support is at 5350-45 level.Next support is at 5320-17 level.Next support is at 5302-00 level.So nifty again back in bear zone .So today the bear sentiment will again sustain if nifty goes below 5425 level and no long below 5500 level.Positionally no long until nifty close above 5600.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Immediate support for NIFTY is 5433. Positional Resistance for NIFTY is 5592 5603 5642 5690 5695 5737 5763 5767 5801

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis-The signal is SELL but NIFTY in oversold level.

Nifty Spot for today 1 April 2011

Nifty supports live

Nifty was on bull trend last day and closed at 5833 .Today the first resistance for nifty is at 5860-64 level.Next resistance is at 5886-90 level.next resistance is at 5928-33 level.Next resistance is at 5962-66 level. On downside first support is at 5808-05 level.Next support at 5783-79 level.Next support is at 5764-62 level.Next support is at 5739-35 level.Next support is at 5700-98 level.Next main support is at 5685-80 level.Next support is at 5654-50 level.Next support at 5618-15 level.Next support is at 5600-97 level.Next support is at 5563-59 level.Next support is at 5549-45 level.Next support is at 5528-25 level.Next support is at 5506-02 level.So today the main resistance for upside is at 5933 level and if nifty is not able to go above this level profit booking can happen and on down side below 5780 no long.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5720 5688 5586 5574 5538 5499 5489 5464 . Positional Immediate resistance for NIFTY is 5884

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region.