Nifty was on a bear trend ,RBI stopped the bulls move, Nifty has tested 5911 and closed at 5955. Currently USD/INR trading at 59.01, Crude trading above 100 at 105.67. Today 5911 is hope line for bulls. Bulls can move towards 6100 as long as nifty closes above 5911. Any close below 5890 will bring more bears, They can lead to 5800 or 5710. So the first resistance for nifty is at 5988-93 level. Next resistance ranges are at 6022-27,6050-55,6075-80,6100-05,6124-29,6140-45,6180-85 levels. On downside first support is at 5923-18 level. Next supports are at 5889-85,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region but better long should be taken only above 5993 level.So today intra resistance are at 5993 and 6027 level and on down side support are at 5911 and 5885.Below 5911 better avoid longs.
positional Immediate resistance for NIFTY is 6050
Intraday Resistance of NIFTY are 6021 6076 6071 6087
Intraday Support of NIFTY are 5889 5834 5840 5824
Intraday Resistance of NIFTY are 6021 6076 6071 6087
Intraday Support of NIFTY are 5889 5834 5840 5824
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