March 27, 2009

Intraday View For 27/03/09

Nifty: Resistance 3110/3150
Support 3055/3030/3005

Sensex: Resistance 10200/10500
Support 9691/9200

On last day of expiry we saw huge covering in later hours. Sensex touched 10000+ mark for the first time since January fall. Now the Bulls will face the real test at 3150 zone on Nifty & 10500 on Sensex.
Overall Nifty in uptrend in short term, but profit booking also not ruled out at higher zone. Expect a flat/+ve opening on Nifty with 3110/3150 as important level to be seen.
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