Nifty Technical Levels For Today (23 may 2011)

Nse benchmark Nifty 50 set to open lower tracking weak Asian markets and absence of any major cues willl keep market edgy.Traders and investors are advised to play safe in market as Nifty is looking bearish in coming trading session.Following are the support and resistance levels for Nifty Today :-

Support :- Nifty has its first support near 5385 and below this next support is seen near 5310

Resistance :- Nifty has its first resistance close to the level 5540 and above it next resistance is seen near 5625

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NIFTY TREND TODAY 20 may 2011

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Markets edged higher in the afternoon session and ended the day on a positive note after engineering conglomerate L&T (Larsen & Tourbo) reported 17% rise in the fourth quarter profit. The S&P CNX Nifty ended at 5,428.10, up 7.50 points or 0.14 %. 

The Nifty futures closed and settled finally at 5424.80, up by 0.75 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5465 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5465 & above this level the next resistance is seen near the 5540 mark.

SUPPORT: It has first support close to the level of 5385 & below this level the next support is seen near 5310 mark.

NIFTY TREND TODAY 6th May

Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC,  HDFC Bank  and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.

NIFTY is near its bottom level in March, i.e.around 5360 and this can be a strong support.

The global markets are in red, but we started to fall early and may stop falling early- 

NIFTY SUPPORT AND RESISTANCE :-

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

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NIFTY LEVELS TODAY 6th April

Indices showed smart recovery in the last day of trade and more importantly the 50-share NSE Nifty hoed the 5900 mark, to close at 5,910.05, up just 1.6 points.
The Nifty futures closed and settled finally at 5926, up by 17 points or 0.29 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6000 else below 5870 it would be in a downward trend. 

Lets see how Nifty will move today and find its accurate levels below :-

NIFTY LEVELS FOR 6th April :-

RESISTANCE: It has first resistance close to the level of 6000 & above this level the next resistance is seen near the 6072 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.

The above levels are for intraday only.