April 03, 2011

Intraday View For 05-04-11

Nifty: Resistance 5940/5959/5997/6006/6036
Support 5915/5888/5858/5840/5815/5777

Nifty had a good session
tracking Asian markets. Today, Nifty may open marginally +ve in line with Asian market. Nifty may face immediate resistance @ 5959-5975 range... if this level is crossed & sustained [with volumes] we may see some more extended rally till 6000+ zone. Intraday support @ 5915-5888... if Nifty breaches this range, we may see some 50-70 pts correction in it.
Stock specific movements can be seen ahead of Results.
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