July 01, 2010

Intraday View For 01/07/10

Nifty :Resistance 5315/5335-5353/5385
Support 5275/5252/5222/5210-5206

Nifty showed a great bounce back of which we wrote yesterday & Nifty touched 5315+ zone above our written levels of 5275. Today expect gap down opening with 35-40 pts in line with weak Global cues. Immediate strong support @ 5252... if broken then expect slip towards 5222-5210. On upside resistance @ 5335-5353.... positional view is same,
to sell on high, till 5353 is not breached.

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