January 20, 2010

Intraday View For 21/01/10

Nifty: Resistance 5252/5275/5294-5303/5333
Support 5222/5203/5194-5182/5165-5151/5115

Nifty just remained in the range of 5222-5275 as we mentioned yesterday & just closed marginally at lower band of our trading range. Today with mixed Global sentiments, Nifty is expected to open flat. Immediate resistance is now pegged @ 5252, above it if sustained (With Volumes) , Nifty may try to touch 5275-5303 range. On lower side, Nifty below 5203 turns weak. Expect some bounce from lower support area.
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