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Archive for June 1st, 2011

Nifty tips for today 1 june

June 1st, 2011

NIFTY FUTURE TIPS

Nifty was on bull trend yesterday and closed at 5560.Today the first resistance for nifty is at 5585-88level.Next resistance is at 5600-05 level.Next resistance is at 5615-18 level.Next resistance is at 5650-54 level.Next resistance is at 5678-83 level.Next resistance is at 5729-33 level. On downside first support is at 5533-29 level.Next support is at 5504-00 level.Next support at 5476-73 level.Next support is at 5460-55 level.Next support is at 5442-39 level.Next support is at 5403-00 level.Next support is at 5380-75 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.Nifty is trading above the intermediate resistance area of 5530 level so make this level as first support for longs .So today main resistance for upside are at 5605 and 5654 level.Positionally next main hurdle is at 5683 level.On down side below 5530 be alert and below 5500 trend is weak.

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