March 04, 2010

Intraday View For 04/03/10

Nifty: Resistance 5115/5143-5151/5165/5189
Support 5082/5050/5005/4988/4949/4917

Nifty moved strongly & closed above 5082. Nifty has reached overbought zone & we would advice not to buy at higher zone. If nifty sustains below 5050, then we may see some booking till 5005-4949 in coming days.On upside, Nifty needs to sustain 5165 to see further upside. Expect flat / -ve opening in line with Asian Mkt.

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