December 31, 2009

Intraday View For 31/12/09

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

Nifty traded 100% as written yesterday, Nifty traded in the mentioned range. Today being expiry of December month & ahead of a long weekend, Nifty may lack momentum & may again trade in a range till a proper break of either side is seen.
Stock specific movement can be seen. Nifty closing below 5151-5115 only turns weak for small correction, else upside momentum may continue. Expect flat/+ve opening in Nifty in line with Asian Market.
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