Nifty Futures Tips For Tomorrow (24th may '11)-

[invest_vinit]

As the markets continue to trade in the negative and the selling pressure prevails we recommend that it is not a right time to buy into weakness, if the market throws any opportunity, when you see higher levels of 30-50 points on the Nifty, it is an opportunity to get out of the market. So trade in small profit.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.

Action
Sell Nifty Futures below Rs 5,357
Target: 5,330-5,309, Stoploss: above Rs 5,388...........



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