March 12, 2009

Intraday View For 12/03/09

Nifty: Support 2555/2520
Resistance 2616/2660/2699/2720

Nifty corrected from higher levels & traded in a range whole day before 2 days break.
Global markets have been in good mood in this break & we may have a good gap up opening of 35-50 Pts on Nifty. Stiff resistance on 2660, Above it if sustained, we may try to target 2699/2720, before any selling pressure is seen. 2616 level will also plays an important role offering as support if market opens gap-up.
(All Levels On Spot Basis)

RelInfra Resis @ 450, Above it, it may test 467-486 levels.

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