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Tuesday, May 24, 2011

Nifty Trend Levels Range (Tuesday, 24 May)

Nifty Intraday(SPOT) Resistance Support Levels Tips Trend Today:-
The Indian market opens this morning on a quiet but stable note. Demand slowdown has beeen factored in the markets.Markets have been in a range for last 15-20 months. It could take some time to get back momentum. Here is negative sentiments towards India amid investors.
Earlier, the US markets ended sharply lower ,Asian markets shown mixed sentiments in the morning. . Sensex is trading at 18047, up 54 points from its previous close, and Nifty is at 5400, up 13 points.  The market breadth is positive. Still it is expected it will be in down trend today.Stocks in news are Sesa Goa, JP Cement,Mahindra Satyam.

Resistance : Its first resistance level is at 5440 and above this level it could test the resistance level near the 5500 points.
Support : Its first support level is at 5322 and below this level it could have support level near 5262 points.



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