July 16, 2010

Intraday View For 16/07/10

Nifty: Resistance 5415-5420/5440/5455/5495
Support 5377/5353/5333-5325-5315/5302/5294

Nifty remained in a narrow range with negative bias for whole day with. For today, Nifty may open flat/-ve in line with Asian Market.Immediate support @ 5377 & 5350... if broken & sustained, Nifty may see further slide upto 5325-5315 zone. On upside immediate resistance pegged @ 5415-5420 range... which if broken may see further upside.
I hope all our blog readers are enjoying Nifty Shorts @ 5440-5455 range / 5200-5300 Puts given in our 14/07/10 View.


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