Yesterday Nifty attempted to go beyond 5600 but sellers are more than buyers so it fell down to 5517 but closing below 5560 suggests that it may touch 5460.
Nifty Future May's Critical Levels for 11.05.2011
Projected High : 5575
Projected Low : 5487
Resistance 5 : 5678 Short Here with Stop Loss of 5675
Resistance 4 : 5645
Resistance 3 : 5610 Book Profit above this level
Resistance 2 : 5600
Resistance 1 : 5590
. Buy at 5560 with sl 5545
Direction Change Level : 5556
. Short at 5540 with sl 5559
Support 1 : 5522
Support 2 : 5512
Support 3 : 5502 Book Profit below this level
Support 4 : 5468
Support 5 : 5434 Buy Here with Sl 5420
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