March 23, 2011

Intraday View For 23-03-11

Nifty: Resistance 5444-5454/5495/5504/5525
Support 5415/5385/5353/5315


Nifty witnessed a decent upmove to close marginally green. Today, Nifty may open flat & may remain sluggish with sideways movements. Immediate resistance @ 5444-5454 & immediate intraday support @ 5385. Nifty is expected to remain in a range of 5450-5350 till expiry [untill some news comes in]. Overall nifty trading in a down channel & above 5555 only, it turns +ve for more upside. Till then, traders are advised to trade with strict levels & be stock specific.

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