April 08, 2011

Intraday View For 08/04/11

Nifty: Resistance 5925/5945/5959/5999/6006
Support 5880/5858/5840/5815/5777

Nifty traded in a range of just 15-25 pts, with no traders interest for the maximum time of the day & ending day with moderate loss. Nifty has been consolidating from past few sessions & is getting ready for results week starting with Infosys. For today, Nifty may open flat with +ve bias. Immediate resistance @ 5925/5945 & support pegged @ 5880. Nifty may try to remain in +ve zone in early hour. If able to sustain above 5945, Nifty turns more +ve. Below 5880, if nifty trades for few minutes, it gets weak for some correction.

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