June 11, 2010

Intraday View For 11/06/10

Nifty: Resistance 5085/5115/5151-5165/5192/5207
Support 5050/5025/5005/4994

Nifty scaled towards 5100 yesterday after breaching 5035-5050 zone. Nifty gave closing above 5050, as we wrote for a bullish move. Also now, with bullish global cues, Nifty may open gap up with further gains of 30-45 pts. All those who used recent dips of 5000, to take longs are now advised to start booking profits above 5151 zone. Stiff resistance zone @ 5151-5165.... If further Nifty manages to close above this zone, then , nifty may try to tgt 5200+ zone.


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