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For intraday tomorrow Nifty is likely to open on a flat note. Today, Nifty showed good strength and closed in green with moderate gain.

Market still seems to be in consolidation phase in the near-term. Nifty traded rangebound today and set to close in green with moderate gains.

For trading tomorrow Nifty is likely to open on a positive note.

Nifty is trading at major resistance level of 5525 which if broken will give fresh direction for the market. But till the overall trend remains down, the traders are suggested to stay away from the market and do not create any long positions.

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

Overall, the market will stay sideways in the near-term. The Nifty is likely to find support in the 5,300-5,400 levels and resistance in the 5,500-5,600 range for next week trading sessions.

Nifty Trading Strategy for 26 may, 2011

Bank Nifty Futures shut stop at 10428.85 up by 70.55 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10525 it would be in an upward trend.

Nifty Intraday(SPOT) Levels Tips Trend Range Tuesday 24 May-

The Indian market opens this morning on a quiet but stable note. Demand slowdown has been factored in the markets.

FREE NIFTY TIPS TREND RANGE LEVELS TODAY 23 MAY:-

By looking at market snap today it seems the investors have gained some confidence as Nifty showed some consolidation around 5,400 and on technical ground it was a bit oversold.

Nifty(SPOT) Intraday Trend Support & Resistance Level (Thursday 19 May):-

For past three consecutive days Nifty is showing bearish sentiments. It still facing a strong resistance level at 5500 and 5360 may be the next support level for Nifty.