Nifty Levels today : Thursday 16 June 2011

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Good Morning dear readers, after watching longest and fabulous lunar eclipse yesterday the morning session has begin and with a flat start today. The trend of the market is down and all rallies appears to be down. Today the Nifty is expected to saty below 5450 so traders are advised to go short .

Lets have a look at Nifty Technical levels today :-

Nifty support and resistance levels :-

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5435 & below this level the next support is seen near 5310 mark

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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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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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