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Nifty tips and trends for today 18 April 2011

Reshu Jain | Monday 18 April 2011 ( 0 Comment)
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SOURCE : NIFTY LIVE TIPS
Nifty was on strong bear trend last day and closed at 5824 .Today the first resistance for nifty is at 5851-5855 level.Next resistance is at 5881-84 level.Next resistance is at 5897-01 level.Next resistance is at 5825-30 level.Next resistance is at 5961-66 level.Next resistance is at 6017-24 level.Next resistance is at 6103-08 level. On downside first support is at 5795-92 level.Next support is at 5760-55 level.Next support is at 5723-18 level.Next support is at 5706-02 level.Next main support is at 5655-50 level.Next support at 5618-15 level.Next support is at 5600-97 level.Next support is at 5563-59 level.Next support is at 5549-45 level.Next support is at 5528-25 level.Next support is at 5506-02level.Yesterday
we have given caution not to take further long position until nifty trades above 5960 So today main intraday resistance is at 5855 level but trend deciding level is at 5925-30 level and on down side Caution below 5750.

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