June 10, 2010

Intraday View For 10/06/10

Nifty: Resistance 5025/5035-5050/5084
Support 4994-82/4963/4949/4936/4913/4880/4851

Nifty had a good volatile session with some good movements on both side. Nifty for today may open flat in line with Asian Market. Nifty has strong support @ 4963 (Spot) & 4936 (future). Nifty will again face immediate resistance @ 5050 zone, which have been cause of worry for Bulls past couple of sessions. Remember, as we said yesterday, nifty needs to give a close above 5050 this week for its bullish trend to resume... else some more dip may set in.


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