July 23, 2010

Intraday View For 23/07/10

Nifty: Resistance 5455/5478/5495/5525-5530/5555
Support 5420-5415/5385/5353/5333

After so many days of attempts, Nifty showed blast above 5420. After extreme bullish global cues, Nifty may open gap up with 25-30 Pts. Now we have some critical resistance on every upmoves, we have highlighted them above. At, the moment, we don't expect 5530 range to be broken & sustain easily. So plan accordingly. Downside support now pegged @ 5420-5385... below this only we may see some profit booking.


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