February 05, 2009

Intraday View For 05/02/09

Nifty: Resistance 2821/2860
Support 2775/2750/2728/2700

Nifty faced stiff resistance at higher levels of 2821 zone & fell sharply. Today watch out for 2750 as support area for lower area for further movement on downside, if held, we may expect some bounce from lows.

Technical Watch: RelInfra (LTP: 520.1)
Its near to its strong Support area of 515. On higher side 531 / 542 / 572 are resistance to be seen as hault for any short term bounces in this scrip. Blw 515 if closed, we may see some more weakness towards 485 support zone.
Have a profitable day.

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