Intraday Nifty Tips For Wednesday 11th May 2011


Nifty for 11 May :- Tomorrow, 11th May, first of all, Spot Nifty should open and sustain at least above 5540 in the opening bell. Nifty hurdle is at 5550. Spot Nifty will face the strong resistances at 5580-5590 levels. If Spot Nifty can able to cross 5590 and can sustain for some time then the levels of 5630-5660-5700 can be seen. otherwise, If Spot Nifty could not sustain 5540 in the opening bell, then profit booking can bring the spot nifty down sharply up to 5510-5500 levels. Breaking of 5500 support in the down trend, panic selling can pull the spot nifty up to 5470-5430 levels. Nifty Technical View 

Nifty Intraday Levels For 11th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
     5506               5471                5585                      5628      
Nifty Future Intraday Levels For 11th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
     5507               5468                5595                       5595