January 08, 2010

Intraday View For 08/01/10

Nifty: Resistance 5275/5294-5303/5335/5353
Support 5252/5232/5202/5194/5165

Nifty again had a range bound session. As written yesterday, below 5275 touched 5250 levels....For intraday, Nifty Above 5275 can show some up move upto 5294-5303 zone, sustaining 5303 zone only can show more upside to 5335 zone. On down side, below 5252, Nifty can slide to 5230-5202 zone. Expect flat opening in line with Asian markets.

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