Nifty: Resistance 5333/5353/5385/5421/5444
Support 5315/5280/5252/5222/5211
Nifty witnessed some short covering & our view published with chart on 10 feb, nifty maintained 5200 levels & closed above 5300. For today, Nifty may open +ve. Immediate resistance @ 5385, if Nifty sustains above this level, then we may see some more short covering towards 5500+ zone in coming days.On lower side, Nifty has support @ 5315, breaking & sustaining blw this level, Nifty turns week. Bulls should try to close above 5333 to keep hope 5500+ alive.
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February 14, 2011
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