Showing posts with label 11th may. Show all posts
Showing posts with label 11th may. Show all posts

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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