Free Stock market / Nifty intraday tips

Nifty Future with support and resistance on Jul 11, 2012

Nifty Future

(Updated on 11-07-12 Time 08.40 AM)

After remaining below range of 5340 and then

correcting by about 75 points it succeeded to

take out resistance level.

As indicated here above 5298 it sustained and

moved upward upto 5363.

Now for today…..

Nearby support is 5333-5322.

5320-5305 zone is strong intraday support.

It will show more strength above 5352-5360 and

likely to kiss 5378.

If stays above 5378 levels for 15-20 minutes

with volumes it may touch 5420.

If trades below 5296 then NF may see 5285-5878 levels.

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