November 24, 2009

Intraday View For 24/11/09

Nifty: Resistance 5115/5137/5151-5165
Support 5061-5050/5020/5000/4994

Nifty remained in +ve zone whole day, with the support of RIL & Global cues. But, Nifty upmove lacked volume to support. Remain cautious in buying at higher level, as all indicators are in overbought zone. Intraday, Nifty has immediate major support @ 5050 & resistance @ 5165. Expect mkt to trade in -ve bias in early session in line with Asian Mkt.
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