April 20, 2009

Intraday View For 20/04/09

Nifty: Resistance 3440/3460/3494
Support 3354/3333/3305/3260

Nifty saw good booking in last hour of trading on friday. Now Nifty has good support @ 3355 / 3333, below that we stand in chances to test 3260 levels.On upside Resistance is at 3440. This is nature of Market that, when it crosses/nears 200 dma, it becomes highly volatile & tries to sustain those levels, which we are seeing from past 2-3 sessions now.
Nifty may open flat/-ve inline with Asian markets.
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