May 27, 2010

Intraday View For 27/05/10

Nifty: Resistance 4915/4936-4949/4963/4995
Support 4884/4848/4832/4800/4790

Nifty with the help of +ve global cues, had a +ve session.For intraday, expect Nifty to open flat/-ve in line with Asian Market. Intraday Nifty faces immediate resistance @ 4936-4949 zone. On downside, immediate support @ 4884.... if broken nifty may see more booking upto 4855-48 levels. Traders may use dips to buy till 4884 is held. Being expiry, Nifty may remain volatile within range... so we would advise to remain cautious with leverage trades.

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