Support 5252/5231/5210/5165
Attempt of a pullback was foiled by the bears in the last hour of trade, as Infrastructure, ADAG stocks and metals dragged the Indices 1% at the close of trade on Wednesday. Nifty support now @ 5210 & immediate resistance @ 5333. Overall, Nifty is near its channel support of 4800-5000 range. So, real panic will be below this only... but we expect least this to happen. Today, nifty may open flat. We may see some covering in ADAG group post hammering. Above 5333, we may see some intraday short covering.
We are attaching chart, easy to understand just by seeing it.If not, mail your query to: valuenifty@yahoo.com / gundeeppremium@yahoo.com
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