{"id":4986,"date":"2011-05-09T17:17:29","date_gmt":"2011-05-09T11:47:29","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=4986"},"modified":"2011-05-09T17:17:29","modified_gmt":"2011-05-09T11:47:29","slug":"nifty-support-and-resistance-levels-for-10-may-2011","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/nifty-support-and-resistance-levels-for-10-may-2011\/","title":{"rendered":"Nifty support and resistance levels for 10 may 2011"},"content":{"rendered":"<p><span style=\"color: #000000; font-family: Verdana;\">Nifty Future Daily trading levels <\/span><br \/>\n<span style=\"color: #000000; font-family: Verdana;\">Trading  as per the support and resistance levels may be quite useful for  intraday trading in stocks and index.  Resistance is termed as the level  where the stock generally gets some opposite force before it can go  further up. A support is the level where a stock get buying interest  before it can fall further. Under the normal market conditions or in the  absence of some extremely panic news the support and the resistance  levels can act as good levels for initiating the buying \/ selling. In  general it\u2019s advisable to buy the stocks at support levels and sell at  the resistance levels. In Intraday trading there are few support and  resistance levels known as Support1 Support2, Resistance1 Resistance2  etc.<br \/>\nThe support and the resistance levels for Nifty can be seen in the table below.<br \/>\nNifty Levels in simple format can be seen as follow <\/span><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#FFA54F\"><span style=\"color: #000000; font-family: Arial;\"><strong> Pivot Level = 5547 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#90EE90\"><span style=\"color: #000000; font-family: Arial;\"><strong> Support1 = 5509 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#F08080\"><span style=\"color: #000000; font-family: Arial;\"><strong> Resistance1 = 5592 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#228B22\"><span style=\"color: #000000; font-family: Arial;\"><strong>Support2 = 5463 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#EE2C2C\"><span style=\"color: #000000; font-family: Arial;\"><strong> Resistance2 = 5629 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#006400\"><span style=\"color: #000000; font-family: Arial;\"><strong>Support3 = 5426 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#EE0000\"><span style=\"color: #000000; font-family: Arial;\"><strong> Resistance3 = 5675 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000000; font-family: Verdana;\"><br \/>\nthe basic formula\u2019s used for  calculating the support and resistance is:-<br \/>\nPivot point (P) = (H + L + C) \/ 3<br \/>\nFirst resistance level (R1) = (2 * P) &#8211; L<br \/>\nFirst support level (S1) = (2 * P) &#8211; H<br \/>\nSecond resistance level (R2) = P + (R1 &#8211; S1)<br \/>\nSecond support level (S2) = P &#8211; (R1 &#8211; S1)<br \/>\nThese levels are updated by <a href=\"..\/..\/index.php\">NiftyLiveCharts.com<\/a> Team<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty Future Daily trading levels Trading as per the support and resistance levels may be quite useful for intraday trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[7274],"tags":[],"class_list":{"0":"post-4986","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-daily-nifty-levels","7":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/4986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=4986"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/4986\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=4986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=4986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=4986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}