NIFTY ANALYSIS OR LEVELS FOR TODAY 12TH APRIL

Nifty closed on a bullish note at 5594. So today the first resistance for nifty is at 5620-25 level. Next resistance ranges are at 5647-52,5678-83,5700-03,5727-32,5750-54,5771-75,5790-95,5815-19,5836-41,5855-58,5880-85,5907-10,5927-32,5950-55,5982-87,6010-15,6025-27,6043-47,6070-74,6100-05 levels. On downside first support is at 5575-71 level. Next supports are at 5556-51,5525-20,5490-85,5465-60,5434-30,5414-10,5390-85,5301-296 level.Nifty is still in bear zone and a close above 5652 is required for bulls to back in action.So today if nifty is below 5551 be very alert and better avoid longs and On upside resistance areas are 5625,5652 and 5683 level. 

WEEKLY TREND

Positional Immediate support for NIFTY is 5466 and positional Resistance for NIFTY is 5624 5638 5660 5735 5777 5817 5868 5870 5883 .
Intraday Resistance of NIFTY are 5631.4/5662.4/5695.9/5733.9/5772.1
Intraday Support of NIFTY are 5556.6/5525.6/5490/5470.3/5433.1/5396.1
Oscillator Analysis NIFTY is now trading in oversold level.Short Term Oscillator Analysis- and NIFTY in oversold region. 

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