April 25, 2011

Intraday View For 26/04/11

Nifty: Resistance 5888/5915/5945-5959/5999
Support 5858/5840/5813-5803/5777/5755

Nifty had an extremely range bound boring session on Monday, with Nifty trading between 5895-5910 for maximum time of the day. For today, Nifty may open flat in line with Asian market. Immediate intraday support @ 5858 & resistance @ 5888/5915. break of either side will take nifty to further movement. Sustaining above 5945-5959, Nifty may see some fresh rally towards 6000+ range. Ahead of expiry, we may see some stock specific movements in Banking counter.

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