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Intraday Nifty Tips For Monday 16th May 2011


Nifty for Monday 16 May :- Tomorrow, Monday 16th May, First of all, Spot Nifty should open and sustain at least above 5545 in the opening bell.  Nifty hurdle is at 5555. Spot Nifty will again face the strong resistance at 5580 and now the 2nd strong resistance at 5610. If spot can able to cross and sustain 5610 for some time, then short covering and more fresh buying can take the spot nifty at 5680-5700 levels. Otherwise, if spot nifty could not sustain 5545 in the opening bell, then profit booking can bring the spot nifty down sharply up to 5475-5470 levels. breaking of 5470, panic selling may pull down the spot nifty up to 5410-5400 levels. Daily Nifty Technical View
Nifty Intraday Levels For Monday 16th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
     5476               5408               5609                    5673       
Nifty Future Intraday Levels For Monday 16th May 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
      5475              5391              5633                     5707         

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Intraday Tips Updated at: 1:58 PM
 
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