May 14, 2010

Intraday View For 14/05/10

Nifty: Resistance 5194/5205-5210/5227/5241-5252
Support 5165/5151/5130/5115/5075/5049

Nifty had a good volatile session for traders to trade on both side. Nifty faced good resistance @ higher zone of 5210 range as written yesterday & saw booking from that range. Nifty sustaining blw 5165-5151 zone may see some profit booking Intraday. On upside 5210-5227 range will offer good resistance for Bulls. Traders may again use sell at high strategy near resistance zone for the day.

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