July 27, 2010

Intraday View For 27/07/10

Nifty: Resistance 5444-5453/5475/5491/5514/5525
Support 5315/5385-5372/5353

Nifty saw some profit booking from higher level, though it held 5415 levels on closing basis. Today, nifty may open flat in line with Asian market. Important support @ 5315-5385... if this zone is held, Nifty may see some upmove, so traders may trade accordingly. Upside resistance pegged @ 5453, from where fresh selling may again emerge . Though cautious is advised ahead of RBI meet & RIL results.


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