August 25, 2010

Intraday View For 25/08/10

Nifty: Resistance 5515-5520/5555/5575
Support 5491/5465/5454-5444/5420

Nifty cracked from higher level & held support area @ 5491 ( closing basis ). For today, nifty may open flat/-ve in line with Asian Market. Immediate support again @ 5491... below it if traded may take a dip to 5454-5444 range. Nifty further weakness may be termed only closing below 5454 level. On upside, Immediate intraday resistance @ 5520... if sustained, nifty may see 5555 range. ( But upside looks limited in short term).

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