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Monday, May 23, 2011

Nifty Tips Levels Trend Today, 23 May

Nifty Outlook -Nifty(SPOT) Intraday Trend, Support & Resistance

In last trading session Nifty closed at 5485 marks and was not sustained above 5500 . It is showing negative trend in the market. In last trading sessions global markets were also weak.Strictly keep the stop loss as Nifty will be volatile because next week is expiry week . Top gainers in NSE on the last trading day were-L&T, IDFC,Tata Power,Bajaj Auto , Tata Steel.

Resistance : Its first resistance level is at 5525 and above this level it could test the resistance level near the 5580 points.
Support : Its first support level is at 5470 and below this level it could have support level near 5415 points.





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