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Intraday Nifty Tips For Friday 6 May 2011

Nifty for Friday 6th May :- Tomorrow 6th May, Spot Nifty should open above 5460 in the opening bell. Spot Nifty will face the first strong Resistance at 5500. After that Spot Nifty will get another minor resistance at 5540 and then another strong resistance at 5560. Market recovery can only be expected if Spot Nifty can sustain 5565 for some time. Above 5565, Spot Nifty can reach maximum up to 5605-5650 levels.   Otherwise, if 5460 can not sustain in the opening bell, then profit booking can take the spot nifty up to 5440 level. below 5440 panic selling will start and this time spot nifty can go down up to 5420-5370 levels.
Nifty Intraday Levels For Friday 6th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2 
    5420                5370                5500                      5560         

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Intraday Tips Updated at: 8:37 PM
 
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