July 28, 2010

Intraday View For 28/07/10

Nifty: Resistance 5444-5455/5491/5525-5530
Support 5420-5415/5385/5372/5353/5333

Nifty showed some good volatile session. For today, nifty is expected to open flat & may trade lackluster in initial trade period. Immediate resistance @ 5444-5455.... which if sustained, Nifty may see 5491 range. On lower side, Nifty has strong support @ 5420-5415, which if broken, Nifty may see some more booking upto 5385-5372 range.... which is very important support... if this range is too broken, then further slide to 5333-5303 not ruled out.
Trade low ahead of Expiry.

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