Nifty was on bull trend yesterday and closed at 5476.Today the first resistance for nifty is at 5495-99 level.Next resistance is at 5516-19 level.Next resistance is at 5533-38 level.Next resistance is at 5548-52 level.Next resistance is at 5570-74level.Next resistance is at 5593-97 level.Next resistance is at 5633-37 level.Next resistance is at 5633-36 level.Next resistance is at 5678-83 level.Next resistance is at 5729-33 level. On downside first support is at 5455-50 level.Next support is at 5435-32 level.Next support is at 5403-00 level.Next support is at 5369-65 level.Next support is at 5336-31 level.Next support is at 5311-06 level.Next support is at 5282-78 level.Next support is at 5232-28 level.Next support is at 5177-75 level.Last two day saw some positive for the nifty but still nifty is not out of bear region Nifty had to strongly trade above 5538 level for the bull trend to resume .So today main resistance for upsude are at 5516-19 and 5533-38 level and below 5431 trend will be again weak so be alert below that level.
NIFTY SUPPORT AND RESISTANCE(POSITIONAL)
Positional Support for NIFTY 5454 5418 . Positional Resistance for NIFTY is 5567 5579 5604 5615 5645 5674 5766
NIFTY ANALYSIS- OSCILLATOR
Oscillator Analysis NIFTY is now trading in oversold level. The oscillator is showing BUY signal Short Term Oscillator Analysis- The signal is BUY