Nifty Futures Trend || Intraday Positional Tips 4 April

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Indian share markets made smart gains today with consumer durables, capital goods, oil & gas and metal leading the rally. Banking, realty and power, too, made significant gains. IT, auto and healthcare closed negative. The top Nifty gainers were JP Associates, Cairn India, Hindalco and Sesa Goa while the biggest losers included Dr Reddy's, Hero Moto Corp, Maruti Suzuki and TCS.

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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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