Nifty: Resistance 5441/5451/5491
Supports 5420/5400/5385-5350/5332
Nifty opened gap up & stayed above 5420, but faced resistance at given zone of 5444-5450. Intraday expect Nifty to open flat. Immediate resistance on upside @ 5451 .... if sustained, corrective upmove may extend upto 5491 range. Avoid buying at higher range. Below 5420-5408, Nifty may see again fresh selling pressure.
Trade with levels.
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August 16, 2010
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