NIFTY VIEW - MAY 11

NIFTY closes at weekly high.... this also happens to be this year's high and 52 week high.

Daily charts remain bullish above 6000... however advance decline was negative today which means broader market is not supporting rally.

Intraday charts show tiredness at higher levels... look for support at 6090F ... weakness if this breaks.

Posted in: NIFTY ON CHART,NIFTY TECHNICAL,NIFTY TECHNICAL LEVEL,NIFTY VIEW