July 05, 2010

Intraday View For 05/07/10

Nifty: Resistance 5252/5275-5284/5315
Support 5222/5210/5184/5165/5151/5115

Nifty saw profit booking from resistance zone & closed @ days low.Now nifty has immediate support @ 5210.. if traded below with good volumes... expect a crack upto 5165 zone. Please note that Nifty has strong support @ 5165.. which can hold this fall & show bounce back... else profit booking may continue to lower levels.On upside immediate resistance @ 5275-5284.. which on breaking can show some mroe short covering.

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