Thursday, June 23, 2011

Nifty Intraday tips for 23 June

Good Morning all, Indian market has started with a flat note today and the breadth of the market is negative. The market is likely to remain choppy but now the market is trading within defined levels of 5250 and 5330.

NIFTY TECHNICAL LEVELS TODAY :-


RESISTANCE: The first resistance is seen near 5330 and  above this level the next resistance is seen near the 5380 mark. 

SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.

EXPERT'S ADVICE TODAY :-

If 5250 is broken on closing basis then the downside will resume. The market is in an 80-point range and this is a no-trade zone. If 5330 is taken out on the upside then the readers are advised to go long.


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