Nifty: Resistance 5858/5888/5915/5945/5959/5999
Support 5840/5813/5802/5777/5754/5735
Nifty Wednesday's gains were wiped after IT giant Infosys’ disappointing Q4 results & outlook for FY12 and a spike in inflation numbers for the month of March were announced on Friday. For today, Nifty may open flat in line with Asian market. If, Nifty sustains above 5888, it may go upto 5915-5945 range. On lower side, Nifty has strong intraday support @ 5840-30 range. Over all we may see some rangebound trades till a proper break of mentioned range.
Traders may look to invest in Infosys with 2850 SL.
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