June 23, 2010

Intraday View For 23/06/10

Nifty: Resistance 5315/5333/5349/5375/5394
Support
5294/5275/5252/5210

Nifty took support at our levels of 5315. Intraday Nifty is expected to open gap down with 25-30 pts & trade in a range. Immediate strong support @ 5294 & 5275.... Nifty may try to hold this range & show some recovery ahead of Expiry. On upside stiff resistance is pegged @ 5333 & 5349.... which Bulls might face problem to cross with ease.
Avoid leverage trades ahead of June Month Expiry.

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