Tuesday, June 14, 2011

NSE NIFTY Support Resistance for 14th June

Today’s supports for the NIFTY are placed at the 5460 and 5480 levels whereas resistances are placed at the 5525 and 5550 levels.

NIFTY (5,500.50) SU—5460--5480 RE—5525--5550.

Sustenance above the 5450 levels will see the NIFTY remain within the broad range of 5450—5550 levels in the near term.

The key moving average clusters placed between the 5520—5550 levels will act as stiff resistance for the NIFTY on the upside.

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