Nifty: Resistance 5205-5210/5227/5252/5275
Support 5165-5151/5130/5115/5075
Bulls took charge & bears had no way out. Nifty lead by extremely +ve global cues & Nifty touched 5200. Its good time to book profits in longs & wait for proper entry zone. Intraday Nifty above 5210 if sustained, can see 5227-5252 range. On down side, Nifty below 5165 gets weak, with 5151 immediate support. If its broken then we can witness some profit booking upto 5115 zone.
Nifty is expected to open flat / -ve in line with Asian mkt.
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May 11, 2010
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