Saturday, 14 May 2011

 Nifty Spot  Levels

Nifty closed up +58.60 or 1.07% and finally settled at 5,544.75 and sensex closed up +195.49 points or 1.07% and resolves at 18,531.21
Nifty Closed  and settles finally at 5,544.75, up by plus 58.60. Expecting this plus due to assembly elections in different states. It is  not looking Bearish but may consolidate in upcoming trading session. If it manages to trade at support level at 5505 then market would be an upward trend and if it breaks then it would go down by 45 points  ( 5460). And if it breaks this level too then it would have higher chances to go down by 50 points too.
If it manages to trade below level 5570 then market would go downward and if it breaks then it would go upward by 40 points (5610).
Support  : It has first support near to the levels of  5505 and below this level near to 5460
Resistance : It has First seen near to 5570  and above  this level near to 5610


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