October 14, 2009

Intraday View For 14/10/09

Nifty: Resistance 5080/5104-5115/5176
Support 5050/5032/5010/4994-4949/4933

Nifty after opening gap-down, showed smart recovery from support zone. Nifty, if it holds/cross 5100 levels, it will be seen quite positive for next couple of days .It has immediate resistance @ 5115 & support for the day pegged @ 5010-4994. Risky traders may take positional sell @ 5080-5100 level with 5131 Sl.

Expect +ve opening with 20-30 Pts on Nifty.

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