December 14, 2010

Intraday View For 14/12/12

Nifty: Resistance 5935/5945/5958/5989/5999
Support 5888/5842/5828/5803/5777

Nifty had volatile session after trading down covered from its low, to finally close above 5900. For today, Nifty may open +ve & may face resistance @ 5935-45 range. Intraday support pegged @ 5888.... breaking below, Nifty may see some profit booking. Over all, we may see some range-bound market in initial trading hour. Above 5958, we may see some more upside upto 5989 & above 5999 extended rally to 6036.

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