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Wednesday 7 November 2012

NIFTY TREND 08-Nov-2012

today the first resistance for nifty is at 5779-84 level. Next resistance ranges are at 5798-03,5826-31,5847-51,5868-72,5897-02,5917-22 levels. On downside first support is at 5741-37 level. Next supports are at 5722-17,5693-87, 5656-51,5631-28,5603-98,5572-67,5552-47,5518-13,5488-83,5465-60, level.So today we expect the bulls have an upperhand and todays main hurdle for bulls is at 5803 above this level trend is good and on down side be alert below 5717 and avoid longs below that level.

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