Tuesday, May 31, 2011

NSE NIFTY Support Resistance for 1st June


Today’s supports for the NIFTY are placed at the 5510 and 5530 levels whereas resistances are placed at the 5590 and 5610 levels


NIFTY (5,560.15) SU—5510--5530 RE—5590--5610.    The index still has stiff resistance on the upside between the 5600—5650 levels.  Failure to cross the above mentioned resistance levels could see the NIFTY pullback towards the 5500—5475 levels.

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