Wednesday, May 11, 2011

NIFTY LEVELS TODAY 11th may


Yesterday i.e. on 10th may,markets remained range-bound and it is consolidating in 5500 to 5600 channel.
As I said here yesterday, it lacks the positive trigger, so NIFTY faced selling pressure near 5590 and it is took support near 5520- as perfectly predicted here.
Today markets may open positive but will tend to remain flat to negative.

SUPPORT & RESISTANCE LEVELS TODAY :-

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark. 


SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.


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