April 27, 2011

Intraday View For 27-04-11

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

Nifty opened flat but slipped with Asian market. However, Nifty recovered from its lows post noon session & closed almost flat. For today, Nifty again will face immediate resistance @ 5888-5915 range. If sustains this range, Nifty can see upmove till 5945-5959 range. Closing above this range [with volumes], Nifty may see 6000-6100 range in coming days. On lower side, intraday support pegged @ 5858... if trades below this range, Nifty may see 5840-5813 odd levels.
Overall we are keeping +ve view on market till 5777 is holding on lower levels.
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