September 01, 2010

Intraday View For 01/09/10

Nifty: Resistance 5444-5454-5464/5482-5491/5525
Support 5420-15/5385/5353/5331/5315

Again a see-saw session, with traders getting both side swing to trade. Intraday, Nifty is expected to open gap up with 15-20 pts & will again face immediate resistance @ 5444-5464 range. If this range is cleared & sustained with volumes, Nifty may try to show covering & touch 5491 levels. On downside, Nifty is maintaining support levels of 5385 ( closing basis ), which is a good sign for all Bulls... below this level only, fresh selling can be seen.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

No comments:

  © ValueMCX 2011

Back to TOP