February 04, 2011

Intraday View For 04-02-11

Nifty: Resistance 5555/5587/5614/5631/5666
Support 5525/5486/5454-5444/5420

Nifty witnessed some good covering & closed above 5500 mark. For today, Nifty may open flat. Immediate support @ 5525... if breaks & sustains below this level, Nifty may see some selling pressure & on upside, if crosses 5555, Nifty may rally towards 5600+ range.

Market may remain in a narrow range of 5486-5555 for initial trading hour.

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