February 23, 2011

Intraday View For 23-02-11

Nifty: Resistance 5495-5525-5555-5589-5630
Support 5454-5444-5420-5400-5385-5333

Nifty lacked interest & traded in -ve zone in line with Asian market.Today, Nifty may open flat/-ve. Intraday support @ 5444-54 range & resistance @ 5495-5525 range. Overall we are expecting a rangebound mkt, with stock specific / news based movements ahead of expiry. Closing above 5525, nifty turns +ve for some +ve moves. As per options data, Nifty is expected to be within range of 5400-5500 till expiry.

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