January 20, 2011

Intraday View For 20-01-11

Nifty: Resistance 5735/5777/5803/5840
Support 5666/5630/5617/5555

Nifty faced resistance @ higher range mentioned yesterday @ 5735-55 range & cracked below 5700 levels. Immediate support now @ 5666-5630.... closing below this level, we may see 5555 range. On higher side, nifty continue face resistance @ 5735-5777 zone. Closing above this [ with volumes, as last rally lacked it ] may lead nifty to further upside till 5975.Nifty may open -ve in line with Global cues.

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