March 13, 2009

Intraday View For 13/03/09

Nifty: Support 2620/2590
Resistance 2660/2699/2707

Nifty may try find a immediate base of this fall & may see some covering upto 2699/2750 zone. Closing above this we may see 2820 zone too.
We posted few days back that this fall should stop near 2550/2520 zone. Low was 2525 zone & we have maintained that low level, So we may expect some quick upside, but a limited one.
RelInfra as said yesterday, expect 467/486 levels once closes above 450.
Expect a gap-up opening of 40-50 Pts in Nifty , post +ve Global cues.
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