March 01, 2011

Intraday View For 01-03-11

Nifty: Resistance 5355/5385/5400/5444/5495
Support 5315/5275/5252/5210

Market witnessed a high volatile session on Budget day. Sensex witnessed almost 1000 points swing intraday. Today, Nifty may open +ve in line with Asian market. Immediate resistance @ 5385... if sustained, nifty may see some more upswing till 5420-5444. If Nifty sustains above 5444, it may show further upside. On lower side, Nifty has strong support @ 5315.... till its holding, bulls have upper hand. Still, Bullish uptrend only will resume once Nifty breaks & sustains 5555 on upside.
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