Intraday Nifty Trading Tips and Live Market News Analysis Report

Markets recovered smartly from the day's low on the back of an easing food inflation data. The NSE Nifty, after touching a low of 4639.10, recovered to a high of 4771.10. The index finally ended up 50 points at 4756.45. Nifty Futures shut stop at 4757 up by 53.10 points or 1.13 %. It looking bearish in the coming trading session if it manages to trade below the support level of 4630 else above resistance level of 4780 it would be in an upward trend.
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Nifty Tips For 1 June 2011 | Technical Views of Nifty

After a flat closing yesterday, the markets staged a stellar comeback today as a lower GDP growth in March eased fears of a hawkish policy stance by the Reserve Bank at its policy meet scheduled next month. Finally at the close the S&P CNX NIFTY settled in the green, closing up 87.05 points at 5560.15 which is up 72 points from the day's low.

The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.

RESISTANCE:  5570 & above this level the next resistance is seen near the 5630 mark.

SUPPORT:  5480 & below this level the next support is seen near 5410 mark. 

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Banknifty And Nifty Spot Level For Today 4th April

BANK NIFTY LEVELS

SUPP 1: 11586

SUPP 2: 11495

RES 1: 11784

RES 2: 11891

NIFTY SPOT LEVELS 

SUPP 1: 5780

SUPP 2: 5730

RES 1: 5854

RES 2: 588

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