August 27, 2010

Intraday View For 27/08/10

Nifty: Resistance 5482-5491/5515-5520/5555
Support 5464/5454-5444/5420/5385

Nifty traded in a small range & had a silent expiry with some see-saw movements in later part of the day. Intraday, Nifty is expected to open lower, with crucial support pegged @ 5454-5444... below which, if Nifty is sustained, Nifty may see Intraday correction upto 5425-5405 levels. On upside, immediate resistance @ 5482, above which Nifty needs to sustain for touching 5515-5520 range. If nifty sustains support range of 5454-5444, it may show some upside jump.
Jai Corp looks good for delivery.
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