February 24, 2011

Intraday View For 24-02-11

Nifty: Resistance 5454/5495/5505/5525/5555/5589
Support 5420/5385/5353/5333/5315

Nifty had a dull range bound session within our given range.Today, being expiry, so traders are advised to be away, we may see some stock specific moves. Nifty may open down, with weak global cues. Immediate strong supp @ 5385... if held, we may see some short covering. Resistance on higher side @ 5455, if crossed, then we may see more upside till 5500+ zone.
Risk Traders May Try 5400 march ce @ 160-165 range with 5355 sl.
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