December 29, 2009

Intraday View For 29/12/09

Nifty: Resistance 5203/5222/5252/5275
Support 5165-5151/5115/5094

So, Indian markets are back after a long weekend. Last trading day saw last hour spike, taking Nifty to touch 5200 mark. With flat/-ve Asian Market, Indian Market is expected to open same & after trading in a range of 5165-5203 either side breakout will be expected on break of this range only. Below 5151 some booking upto 5115-5094 can be witnessed.

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