NIFTY TREND TODAY : Thursday 9 June 2011

Nifty Trend today | Nifty levels today | Nifty support and resistance

Good Morning readers, Indian market has started with a flat note today,while yesterday all other markets closed at negative note.Sensex is trading at 18422, up 28 points from its previous close, and Nifty is at 5529, up 2 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.2%. The market breadth is positive with advances at 446 against declines of 229 on the NSE.

Nifty Support and Resistance Levels Today :-

Support :- It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark

Resistance :- It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark. 

STRATEGY TODAY :-  (Click to get daily on Mobile)

Nifty (for next 6-8 sessions): Buy Nifty futures at 5530, Sell 5600 Call at 60. 

The maximum profit would be Rs 130 till 5600. On the downside, loss starts once Nifty goes below 5470.


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