April 20, 2011

Intraday View For 20/04/11

Nifty: Resistance 5782/5804/5813/5840/5858/5888
Support 5757/5735/5700/5666/5630

Nifty witnessed another day of range-bound session with alot of swings & finally closing flat. For today,
nifty may open +ve with 30-35 pts gain in line with Asian market. Nifty needs to sustain above 5782 resis for regain its upmove. If sustained, Nifty may see 5804 level. Above 5813 sustaining, 5840 can be seen. On lower side, Nifty has strong intra supp @ 5735 & positional traders may keep supp @ 5700... which may offer ample cushion to this market.

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