March 28, 2011

Intraday View For 28/03/11

Nifty: Resistance 5667/5696/5729-5735/5777
Support 5630/5615/5585/5555/5525/5504

Nifty witnessed a steep upside rally on friday. Above 5555, as said, Nifty saw rally & almost touched 5700. Now today, Nifty may open flat/-ve in line with Asian market. Blw 5630, we may see some profit booking & above 5729, we may see some fresh upmove. Intraday resistance @ 5696 & support @ 5660. Stock specific movements can be seen ahead of F&O expiry.
Reality Sector & IT sector to be kept on radar.

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