Nifty Tips and Technical Levels For Today, 08th June 2012

Nifty Tips : Sell Nifty at 5010 with stop loss of 5026 and target between 4990 and 4950.

Nifty June :

Nifty June CMP 5000 closing below 4998 with target between 4850 and 4900 with Resistance 5030-5045 and closing above 5060 target of 5150.

Nifty Technical Levels For Today -

PP – 5017, S1 – 4997, S2 – 4961, S3 – 4941

R1 -5053, R2 – 5073, R3- 5109

Experts believes that Nifty may touch 5,500-5700 in next coming months and according to current market environment nifty is likely to cross 6,200 level in 12-24 months. They are positive about bullish on Indian markets in long term. India will take the steps -- by consensus or crisis -- required to leap into double digit growth in the next 24-36 months, In two to three years the markets will have clarity on what will happen in Europe and the US, and India will be ready for the next big bull run such as the one witnessed between 2003 and 2007.