May 03, 2010

Intraday View For 03/05/10

Nifty: Resistance 5275-5284-5315-5335-5353-5385-5409
Support 5252-5222-5210-5180-5151

Nifty had a range-bound volatile session on Friday. Today Nifty may open gap down with 30-35 pts. Intraday strong support @ 5222-5210 & resistance @ 5275... either break will give further movement. Nifty is expected to remain range-bound with -ve bias in early trading hours. Major news are expected this week... so remain light with your positions.
Delivery: RIL & LT looks good.
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