January 15, 2010

Intraday View For 15/01/10

Nifty: Resistance 5275/5303/5333/5353
Support 5252/5222/5202/5175-5165/5151

Yesterday we wrote "
Immediate resistance @ 5275 " & Nifty stopped @ 5275. It traded in just a 20 Pts range for the maximum time of the day. F&O volumes remains low due to gap opening. For today, Nifty again faces resistance @ 5275, if sustained above, with volumes, may expect some upside till 5303.Whereas sustaining below 5252, some booking can be seen.
Expect flat/+ve opening in line with Asian Mkt.
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