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Intraday Nifty Tips For Friday 20th May 2011


Nifty for Tomorrow 20 May :- Tomorrow, 20th May, first of all, Spot Nifty should open and sustain at least above 5430 in the opening bell.  Nifty hurdle is at 5440. Spot Nifty will face the first strong resistance at 5450 level and the next strong resistance at 5480 level. Above 5480 fresh buying can take the Spot Nifty up to 5510-5550. Otherwise, If Spot Nifty could not sustain 5430 in the opening bell, then profit booking can bring the spot nifty down sharply up to 5410 level. Breaking of 5410, panic selling may pull down the Spot Nifty up to 5390-5380-5350 levels.
Nifty Intraday Levels For 20th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
      5409               5389                5450                      5472     
Nifty Future Intraday Levels For 20th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
      5402                5380               5450                       5474   

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Intraday Tips Updated at: 10:42 PM
 
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