Nifty Levels for 7th June 2010

Below are are support and resistance levels for nifty.
The pivot level for nifty is 5107. Nifty is having first support at 5081 level. However if nifty is not able to hold its first support then the next Support levels ( support 2 ) is 5043. The third support for nifty also act as breakdown level , from where we can see sharp recovery or shape downside. Sopport3 or Breakdown level for nifty is 5017
Nifty may face resistance at level ( Resistance 1 ) 5145 . the next resistance level for nifty is resistance 2 = 5171. The final and resistance 3 level for nifty is 5209 which act as a breakout level also. If nifty starts trading above this level we can see some heavy buying interest in market.

Nifty Levels in simple format can be seen as follow
Support1 = 5081 Resistance1 = 5145
Support2 = 5043 Resistance2 = 5171
Support3 = 5017 Resistance3 = 5209

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