June 17, 2010

Intraday View For 17/06/10

Nifty: Resistance 5252/5275/5294/5315
Support 5225/5207/5184/5165/5151/5135

Nifty remained in range of given levels of 5207-5252 & managed to close marginal green. Nifty may open flat / +ve & may trade again in yesterday's range. Nifty (spot) has strong support @ 5210... which if broken with volumes & sustained, can show some profit booking. On upside, Nifty has strong resistance @ 5252, which if sustained, can give Bulls some more upside. Range bound trading can be seen in early hours of trade.

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