Nifty: Resistance 5252/5265/5284/5315/5333
Support 5225-5210/5180/5151/5115
As expected 5252-5265 zone showed strong resistance & 5225 showed strong support on lower side. With weak Asian Market Nifty may open gap down with 15-25 Pts. Important supports are @ 5210 & 5180. Nifty has strong intraday support @ 5210 zone, which if broken on closing basis, can take Nifty to 5180. Nifty if closes below 5151, can go to 5050>4982 levels in coming sessions as written yesterday.
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April 22, 2010
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