June 22, 2010

Intraday View For 22/06/10

Nifty: Resistance 5375/5394/5415-5420/5441
Support
5333/5315/5275/5252

Nifty had a good gap up opening & it stayed in just 20 pts range for the maximum time of the day. Today, Nifty is expected to open gap down with 15-24 pts in line with Asian Mkt & will first test support zone of 5333... which if held can show some bounce back. Sustaining below it, Nifty may show some more fall to 5315 & lower. On upside, immediate resistance @ 5375-5394... which are expected to be held. Nifty is expected to trade in range in early hour of trades.

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