November 19, 2009

Intraday View For 19/11/09

Nifty: Resistance 5080/5104-5115/5128/5138
Support 5051-5045/5030-5007-4994/4949

Again a rangebound day for Nifty. Stayed in 25-30 Pt whole trading day.In short- Nifty closing below 5045, may lead to some short term correction phase & above 5085 > 5150-5200 are possible upside range. Expect flat/-ve opening in line with Asian market with immediate major support @ 5045 & 5007.
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