Nifty was on bull trend last day and closed at 5520.Lets see where will it move today
Today the first resistance for nifty is at 5539-44 level.
Next resistance is at 5557-61 level.
Next resistance is at 5587-90 level.
Next resistance is at 5613-17 level.
Next resistance is at 5631-33 level.
On downside first support for Nifty is at 5502-98 level.
Next support at 5482-80 level.
Next support at 5452-47 level.
Next support at 5435-34 level.
Next support at 5420-15 level.
Next support at 5382-78 level.
Next support at 5360-57 level.
So today for intraday the range between 5540-60 will a resistance area and on down side support for intraday is at 5480 level.Positionally below 5447 be very alert as chance are there for trend change and main hurdle on upside is at 5612-17 level for positional trade.
NIFTY SUPPORT &RESISTANCE LEVEL
Positional Support for NIFTY 5447 5428 5413 .
Positional Resistance for NIFTY is 5534 5642 5671 5713 5739 5837.
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