Nifty for Monday, 11th April :- First of all, Spot Nifty should open and sustain at least above 5840 in the opening bell. Nifty hurdle is at 5865. as usual Spot Nifty will face the first strong resistance at 5920. If Spot Nifty able to cross 5920 and can sustain for some time then fresh buying will take the spot nifty at 5950-5970-6010 levels . Otherwise, if spot nifty could not sustain 5840 in the opening bell, then profit booking can bring the spot nifty down up to 5800 at first. and breaking of 5800 (panic level), which is considered to be a strongest support for the time being, may pull the spot nifty down as such 5760-5705-5660 levels.
Nifty Intraday Levels for Monday 11 April 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5800 5759 5905 5969