October 05, 2009

Intraday View For 05/10/09

Nifty: Resistance 5088/5115/5133/5151/5165
Support 5050/5022/5007/4994-4980/4949/4920

Nifty remained in a narrow range ahead of a long weekend. Now for this week, Nifty has crucial support @ 4900, closing below it, Nifty has chances to test 4750-4700 in coming days ahead. On upside, Nifty seems to face stiff resistance @ 5151. Intraday, Nifty has crucial support @ 5050 & blw it @ 4994 & Resistance @ 5115 on upside.
Going ahead, traders should look forward to the upcoming quarterly earnings season for cues.
Expect flat /-ve opening.
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