NIFTY tried to close above the Jan 6th High of 5310, but could not do so. The other way to look at it is it have closed higher than that of 6th Jan. Nevertheless, the nearest resistances are 5273 and 5517 on the Daily scale. On the hourly scale, after the fist hour of trading, if NIFTY Close below 5300, we may see a negative day tomorrow, which can reach 5274 or beyond. The Intraday critical levels (NIFTY Futures) are 5361, 5347, 5330, 5310, 5290, 5274 and 5260.
It is to be noted that 2000 NN system of www.ftalarms.com has given 417 points gain so far, which is equitant to near Rs. 21000 gain for one Lot.
