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Intraday Nifty Tips For Tuesday 17th May 2011

Nifty for Tomorrow 17 May :- Tomorrow, 17th May, first of all, Spot Nifty should open and sustain at least above 5500 in the opening bell.  Nifty hurdle is at 5510. spot nifty will face the first strong resistance at 5545. if spot nifty can able to cross 5545 and can sustain for some time, then the levels of 5565-5585 (stong resistance) could be seen. You can expect a sharp upmove and strong buying above 5585, the possibility of which is very remote. Otherwise, if spot nifty could not sustain 5500 in the opening bell, then profit booking can bring the Spot Nifty down sharply up to 5485-5480 levels. Breaking of 5480, panic selling may pull down the spot nifty up to 5450-5420 levels.
Daily Nifty Technical View
Nifty Intraday Levels For 17th May 2011
     5477                5455                5531                     5564      

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Intraday Tips Updated at: 11:04 PM
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