July 29, 2010

Intraday View For 29/07/10

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

Nifty made exact move, as we wrote yesterday. Below 5420-15 it cracked to make low 5387.8 ( we wrote about 5385 ). For today, Nifty may open flat / -ve... being expiry day of July month, Nifty may move sentimentally, without considering global cues much. Stock Specific movements are expected. Sustaining above 5415-20 nifty may see some covering upto 5444-55 range. Below 5353 only Nifty gets weak for further slide.

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