Tuesday, May 8, 2012

Nifty view May 08

Today’s trading levels for Nifty Future:
Resistance: 5143-5152-5179-5187-5227
Support: 5105-5071-5036-5001-4990
Today 5143-5152 are first hurdles for NF. It will be difficult for NF to cross these levels. If NF manages to cross these levels then also there is another strong resistance zone of 5179-5187. If NF somehow manages to cross these levels too then also 5227 is last and final resistance for bulls. Bears will be highly active around this level.
On lower side 5105 is a first support. If NF is not crossing yesterday’s high and breaks 5105 then it will be a first sign of weakness. On break below and remaining below 5105 will take NF to 5071. Some protection will come around here but on break below it will take NF to 5036, a last and final hope for bulls.

Regards,
Analysenifty team  

NIFTY CAN GO 4500 OR 5500 ONLY OUR CLIENT KNOW

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