August 09, 2010

Intraday View For 09/08/10

Nifty: Resistance 5444-5450/5464/5477/5500/5525
Supports 5415/5408/5385-5372/5353/5333

Nifty again traded in a narrow range & faced resistance at higher zone & saw booking, but lacked volumes. For today, closely watch 5415-5408 range... if broken, Bulls may take rest & Nifty can see some profit booking. If held, Intraday upside can be see. Upside resistance pegged @ 5444-5450... crossover & sustaining of this level may take Nifty further upside to 5477-5500 range.

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