Nifty closed on bear trend at 5350 level. So today the first resistance for nifty is at 5375-78 level. Next resistance ranges are at 5398-03,5418-21,5445-50,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5332-28 level. Next supports are at 5318-15,5300-97,5281-78,5265-60,5240-35,5218-15,5192-87,5170-65,5149-46,5113-07 level.So today intra resistance are at 5378,5403 and 5421 level and on downside be alert below 5328 level and avoid longs below 5297 level. Positional Support for NIFTY 5263 5261 5233 5174 5148 5106 and positional Resistance for NIFTY is 5362 5387 .
Intraday Resistance of NIFTY are 5411/5431.2/5482.6/5502.3/5539.7/5577.1
Intraday Support of NIFTY are 5362.4/5342.2/5300.2/5280.9/5244.4/5208.1
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
Intraday Resistance of NIFTY are 5411/5431.2/5482.6/5502.3/5539.7/5577.1
Intraday Support of NIFTY are 5362.4/5342.2/5300.2/5280.9/5244.4/5208.1
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
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