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Nifty Intraday Tips For 16th June 2011


Nifty for 16 June :- Tomorrow, 16th June, first of all, Spot Nifty should open and sustain at least above 5450 in the opening bell.  Nifty hurdle is at 5350. Spot Nifty will face the first intermediate resistance at 5470 level and then will face series of resistances like 5485-5522 up to maximum target of 5485.  Otherwise, If Spot Nifty could not sustain 5450 in the opening bell, then profit booking can bring the spot nifty down sharply up to 5420-5360 level.

Nifty Intraday Levels For 16 June 2011
SUPPORT 1 SUPPORT 2  RESISTANCE 1 RESISTANCE 2
     5420          5360                 5485               5522      

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Intraday Tips Updated at: 10:05 PM
 
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