December 23, 2010

Intraday View For 23-12-10

Nifty: Resistance 5999/6005/6029-6036/6060
Support 5972/5959/5945/5914/5888

Nifty faced resistance @ higher zone & as expected , Nifty faced selling pressure below 6029. Going forward, Nifty may open flat in line with Asian market. Immediate resistance @ 6029-36 zone & strong support @ 5959, break & sustain of either zone, may lead to further movement in Nifty, till then expect a range bound market.

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