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Intraday Nifty Tips For Tuesday 24 May 2011

Nifty for Tomorrow 24 May :- Tomorrow, 24 May, Spot Nifty should open and sustain at least above 5386 in the opening bell.  Nifty hurdle is at 5390. Spot Nifty will face the first strong resistance at 5405 level. If Spot Nifty can able to cross 5405 within the first hour of the opening bell, the it can go up to 5440-5460 levels. 5460 is a strong resistance above which spot nifty can maximum go up to 5490-5520 levels.  Otherwise, if spot nifty could not sustain 5386 in the opening bell, then profit booking can bring the spot nifty down sharply up to 5370-5350 levels. Breaking of 5350, panic selling may pull the spot nifty down up to 5320-5300-5270 levels. 

Nifty Intraday Levels For 24 May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
     5354               5322             5438                 5489        
Nifty Future Intraday Levels For 24 May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
     5352               5321             5427                  5471       

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Intraday Tips Updated at: 10:30 PM
 
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