Nifty: Resistance 5222/5252/5275/5301
Support 5180/5165-5151/5115/5082
New Year, New Day & New Beginning.
Nifty stayed in a narrow range of 20 Pts on last day of 2009. Overall momentum is up for short term. Closing above 5222 may take Nifty further upto 5335-5400 zone.On downside, any dip till 5115, is good for bounces. Closing below 5115, only makes Nifty weak for some short term correction. Expect flat/+ve opening in line with asian market.
PSU sector is expected to attract lime light in coming days. Concentrate on Small PSU banks, which are advised to be taken for delivery in dips.
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