May 26, 2010

Intraday View For 26/05/10

Nifty: Resistance 4848/4884/4905/4936-4949/4963
Support 4832/4800/4790/4774/4735

Panic fall was witnessed yesterday causing a deep crack taking Nifty below 4800.I hope yesterday members took longs as said... we asked to buy @ 4800 .
Intraday Nifty is expected to open Gap Up with 35-40 Pts & will face immediate resistance 4884. Nifty support is pegged @ 4832.
We expect recent lows to hold, so we would recommend to hold our longs.

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