March 15, 2011

Intraday View For 15-03-11

Nifty: Resistance 5455/5495/5525/5555/5585
Support 5420/5385/5353/5333/5315/5275

Nifty witnessed some good short covering despite weak global cues. Today, Nifty may open gap down around 5400 range. Immediate strong support @ 5385, if nifty breaks & sustains below this range, it may see some more booking till 5353-5333 range. On up side, Nifty will face immediate resistance @ 5455.If Nifty crosses & sustains this level, may see some more upmove till 5500 sub levels.
Traders may accumulate unitech in dips.

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