Niftyfor 16 June:- Tomorrow,16th June, first of all, Spot Nifty should open and sustain at leastabove 5450 in the opening bell. Nifty hurdle is at5350. Spot Nifty will face the first intermediate resistance at 5470leveland then will face series of resistances like 5485-5522 up to maximumtarget of 5485. Otherwise, If Spot Nifty could not sustain 5450in the opening bell, then profit booking can bring the spot niftydown sharply up to 5420-5360 level.
Nifty Intraday LevelsFor 16 June 2011
SUPPORT1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5420 5360 5485 5522