NIFTY INTRADAY TIPS TREND LEVELS FOR 7 July 2011

[swati83]

Nifty Tips View and Trend For 7 July :- Nifty was on a slight bear trend yesterday and closed at 5625.Today the first resistance for nifty is at 5636-39 level.Next resistance is at 5654-56 level. On downside first support is at 5609-04 level.next support is at 5590-85 level. Nifty is still in short term bull run but if nifty is below 5585 it is negative and trend can take a u-turn so be very alert and below 5585 there will be free fall.Better long should taken only if nifty trades above 5730 level.So today the main intraday resistance are at 5655 and 5673 level and down side main intraday support is at 5602 level and below that level no intraday long.*