July 21, 2010

Intraday View For 21/07/10

Nifty: Resistance 5377-5385/5409/5415-5420/5440-5455
Support 5355/5333/5315/5301-5294

Nifty again halted @ resistance zone of 5415-5420 ( high 5412) & saw good profit booking despite of good Asian Mkt Cues. Nifty though gave a closing below 5377, which is a negative sign for market, but due to +ve global market, we may have another gap up opening with 15-25 pts. Immediate upside resistance again pegged @ 5415-5420. Nifty if goes below 5355, we might see more fall upto 5315-5300 levels.

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