June 05, 2009

Intraday View For 05/06/09

Nifty: Resistance 4590/4620/4660
Support 4555/4532/4508/4491/4473

Nifty bounced from lows & closed in green, despite weak global market. Nifty has taken immediate support @ 4520-4555 range in yesterday's Intraday charts. So now as long as this range is held on Intraday basis, Nifty looks fine for a bounce to 4620/4660 zone, from where fresh selling may be seen.
Expect +ve opening with 15-25 pt on Nifty, With resistance @ 4620/4660 zone, where we will advice little cautious to all traders.


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