April 21, 2011

Intraday View For 21/04/11

Nifty: Resistance 5888/5915/5945/5958
Support 5858/5816/5777/5757/5735/5700

Nifty witnessed a good upside move, with some range bound mid-noon session. Good results led by short covering moved index up in later hour of trades. For today, Nifty may open +ve with 25-30 pts in line with Asian market. Immediate resistaince on upside @ 5915... if sustains, Nifty may march forward towards 5945+ zone. On lower side, support now pegged @ 5858... sustaining blw this range, Nifty turns weak for some small intraday dip.
Be cautious when Nifty trades at higher resistance range @ 5945-5958.

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