May 04, 2010

Intraday View For 04/05/10

Nifty: Resistance 5246-5252/5275/5315/5335/5353
Support 5225/5210/5190/5151

Nifty saw rangebound trading with -ve bias for whole day. Nifty though managed to close above 5210. Intraday, nifty may open marginal gap up with 10-15 pts & may take time to make further move. Sustaining above 5252 nifty may try to cross 5275-5300 zone. Sustaining below 5200, Nifty may see 5151 & lower levels.

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