February 11, 2011

Intraday View For 11-02-11

Nifty: Resistance 5257/5275/5315/5333/5355
Support 5225/5210/5179/5151/5111

Nifty ended the session lower in an extremely volatile trade, led by fall in heavyweights like SBI, RIL, Infosys, Bharti Airtel, BHEL & HDFC. Nifty managed to hold our mentioned support area of 5210 & faced resistance @ 5275... making it to trade in this range only. For today, view remains same. Nifty may open flat & will face immediate intraday resistance @ 5275.... which if sustained, may lead nifty towards 5315-5333 zone. Support pegged @ 5210-5179.

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