| Updated for-May/22/2013 Nifty closed on a bearish trend at 6114.
So today the
first resistance for nifty is at 6135-38 level. Next resistance ranges are at 6156-59,6172-75,6193-96,6211-15,6233-36,6250-55,6288-93,6335-40 levels. On downside first support is at 6093-88
level. Next supports are at 6072-69,6055-52,6036-31,6016-12,5976-72,5952-47,5915-11,5897-93,5880-75,5843-39,5808-05,5785-80,5750-45,5730-25,5705-00 level. So today on upside intra resistance for nifty are at 6138,6159 and 6175 level and on downside support are at 6088 and 6069 level.
Have a look at weekly trend.
Positional Support for NIFTY 6088 6057 5950 5878 5825 5823 5820 5734 and positional Immediate resistance for NIFTY is 6241.
Intraday Resistance of NIFTY are 6156.8 : 6192.1 : 6250.3 : 6266.7
Intraday Support of NIFTY are 6071.4 : 6036.1 : 6015.3 : 5999.2
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region.
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