Nifty Tips 8 August 2012,NSE Nifty Trend, Nifty Outlook

Tomorrow trading is expected between the broad levels of 5255-5390,If the market breaches the level of 5360 on the upper side then the next resistance level will be 5390.

But if nifty breaches the support level of 5295 then it may go down till the level of 5255.

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Nifty Trend for Today- 06-Aug.- 2012

Nifty closed on a slight bear note at 5215. So today the first resistance for nifty is at 5230-34 level. Next resistance ranges are at 5252-55,5281-86. On downside first support is at 5185-80 level, So today if below 5180 be very alert and avoid longs if nifty sustains below that level and on upside intra resistance will be felt at 5234,5255 and 5286 level.

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