November 16, 2009

Intraday View For 16/11/09

Nifty: Resistance 5007/5030/5051/5088/5115
Support 4994/4954-4949/4913/4884

Nifty managed to remain in +ve zone for maximum part of Friday's session. For intraday, Nifty has critical resistance @ 5030-5051, if sustained, Nifty can reach 5120/5180 in near term. On downside, immediate support @ 4954-4949, below which, selling pressure will come in.
Expect Flat/+ve opening in line with Asian Mkt.
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