November 18, 2009

Intraday View For 18/11/09

Nifty: Resistance 5065-5075/5105-5115/5134/5151/5165/5180
Supports 5050-5030/5007/4994/4949

Nifty again remained in range bound territory of 25-30 pts whole day with -ve bias & closed flat. Nifty got a good bounce from 5006 (our supp was @ 5007). For intraday, keep eyes on 5065-5074, which offers stiff resistance on upside.If Nifty opens flat, one may consider going short with 5075 sl. On downside Strong support still @ 5007-4994.
Expect flat opening in line with Asian market.
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