IMPORTANT NIFTY LEVELS WATCH FOR 11/05/2016

Important Nifty levels watch for 11 May 2016 –

Support 1 (S1) –7880

Support 2 (S2) –7840 to 7850

Support 3 (S3) – 7820

Resistance 1 (R1) –7890

Resistance 2 (R2) – 7950

Resistance 3(R3) – 7980 to 7990

Nifty will be strong above 7880 for the target of  7890-7950-7980.

Nifty will be weak  below 7820 for the target of 7760.

It’s a buy on dip market and any decline up to 7850 should be used as a buying opportunity.

 

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