Thursday, June 2, 2011

NSE NIFTY Support Resistance for 2nd June


Today’s supports for the NIFTY are placed at the 5545 and 5565 levels whereas resistances are placed at the 5620 and 5640 levels.


NIFTY (5,592.00) SU—5545--5565 RE—5620--5640.     The 5600--5630 levels is a key resistance for the NIFTY on the upside and further upsides from current levels can be seen only if the NIFTY closes above the 5630 levels for a few sessions. The 5550 to 5480 zone will act as good support for the NIFTY on pullbacks from current levels.

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