NIFTY LEVELS OF THE DAY : 24 May 2011

Today market closed UP  +8.30 points or   (0.15%) and finally settled at  5,394.85  

and  sensex closed up +18.64 points or  (0.10%) and finally settled at 18,011.97  

Nifty closed and settled finally at 5,394.85  UP  by  +8.30 points. After   a 330 points fall, the BSE benchmark index Sensex took a breather today and consolidated around the 18000 mark for most part of the day.

The dollar held firm on Tuesday and stocks in Asia steadied but the euro remained on the defensive on worries that the euro zone's debt crisis was deepening and could spread to heavyweights such as Spain 

Market will be Consolidate  in upcoming trading session. If it manages to trade at Support level 5350  then market would be upward trend and if breaks this level then it would go down by 50  points i.e., 5300 and if its does not sustain to this level then would decline  by 45 points more .

Nifty Manages below this level 5430 then market would be downward trend and if it breaks then would go higher about50 points that is  5480.

Support : It has first support near to the levels of   5350   and below this level near to   5300

Resistance : It has First seen near to 5430 and above  this level near to 5480

Posted in: BANK NIFTY TIPS,nifty Levels for 25-05-2011,trading