Nifty Levels and Tips for today 4 May

Intraday Stock Market Tips Daily

Nifty was on bear trend last day and closed at 5565.Today the first resistance for nifty is at 5584-87 level.Next resistance is at 5608-12 level.Next resistance is at 5630-33 level.Next resistance is at 5648-53 level.Next resistance is at 5678-81 level.Next resistance is at 5705-08 level.Next resistance is at 5725-29 level.Next resistance is at 5748-52 level.Next resistance is at 5788-93 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 level.Next resistance is at 5924-28 level.Next resistance is at 5958-63 level.Next resistance is at 5975-76 level.Next resistance is at 6025-29 level.Next resistance is at 6103-08 level. On downside first support is at 5525-20 level.Next support is at 5505-00level.Next support is at 5479-76 level.Next support is at 5410-17 level.So nifty again back in bear zone .So today no long if nifty stay below 5612 level and below 5520 trend is very weak.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Immediate support for NIFTY is 5544. Positional Resistance for NIFTY is 5593 5611 5642 5690 5704 5762 5798 5809 5815

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis-The signal is SELL but NIFTY in oversold level.