Nifty Intraday Analysis for January 18, 2011

5664.00 is a major resistance / support point for Nifty tomorrow. If it manages to slice through this point, the next (major) resistance point is at 5693.35 followed by 5703.10, 5712.90 and 5722.65.

On the other hand, if it does not rise up to 5664.00 (or if it falls down and crosses this point in a downward fashion), then support levels are seen at 5634.80 followed by 5625, 5615.20 and 5605.50.

Today’s range was tight. Hence, do not be surprised if the index touches any one of these values and try to reverse back to 5664.00 tomorrow.

I have noticed that many are frequenting the blog but fail to post any comments. I can list the values for bank nifty or nifty futures – on request. Please furnish me with details such as the previous day’s high, low and closing price of the instrument. 🙂



About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: