Showing posts with label nifty tips for 18 may. Show all posts
Showing posts with label nifty tips for 18 may. Show all posts

Wednesday, May 18, 2011

Nifty Tips | support and Resistance level For 18 May

Nifty has 5400-5350 Support level.
and 5580 Resistance level.
Sensex has 18032-17792 level.
and 18300 Resistance level.
As of now we are in bearish mode and if market remains below 5400 nifty level, than we can also see level of 5360-5250 where deep support occurs. As we can see Nifty and Sensex are encountering a number of negative factors and that is the reason volumes are low in the market. However irrespective of the condition in the market day traders can trade with the sure tips trading tips which yields handsome dividend in volatile markets. The returns are all the more higher in more volatile market. The market undercurrent remains weak, but volume-based recovery from the day’s low and the close of 5,450 hints at a minor recovery tomorrow.
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