Nifty was on bear trend and closed at 5138 .Today the first resistance for nifty is at 5154-58 level.Next resistance is at 5174-79 level.Next resistance is at 5197-03 level.Net resistance is at 5228-32 level.Next resistance is at 5248-53 level.Next resistance is at 5322-26 level.Next resistance is at 5343-48 level.Next resistance is at 5382-86 level.Next resistance is at 5409-13 level.Next resistance is at 5428-33 level.Next resistance is at 5486-91 level. On downside first support is at 5122-17 level.Next support is at 5103-98 level.Next support is at 5074-70 level.Next support is at 5054-50 level.Next support is at 4949-45 level.Next support is at 4898-95 level.Next support is at 4847-41 level. Next support is at 4788-82 level.As told yesterday the nifty wil have stiff resistance between 5230 and 5331 level So if the trend had to change to bull side a strong close above 5330 is required So today the main hurdle for intraday will be at 5174-79 and 5197-203 level and on downside if below 5100 be very alert and below 5050 sellers will again take the control.
Nifty tips for today 12 August 2011
August 12th, 2011 by reshu jain Leave a reply »
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