December 07, 2009

Intraday View For 07/12/09

Nifty: Resistance 5117/5137/5151-5165
Support 5085/5050/5020/5007-4994

Nifty had an extremely choppy session. Expect too volatile sessions, ahead in coming days. Nifty might touch lower support area of 4994-75 once more, if resistance zone of 5165 is not sustained. Intraday Nifty may open flat/-ve & may trade in a narrow range in early trading hours. Sustaining below 5115, Nifty may drift to 5085 & below. On upside above 5137, Nifty may face resistance to sustain those levels.
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