April 23, 2009

Intraday View For 23/04/09

Nifty: Resistance 3370/3399/3414/3434
Support 3330/3311/3280/3260

Nifty below 3370 (our support area) saw a big fall of almost 90 pts intraday & took support at immediate area of 3280 (low 3288). 3280-3260 are solid supports with 3220 as trend decider zone. But Options data suggest that we may remain in a narrow range till expiry.
Expect a flat opening in line with Asian market.
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