April 28, 2011

Intraday View For 28/04/11

Nifty: Resistance 5840/5858/5888/5915/5945-5959
Support 5820/5777/5757/5735/5711


Nifty traded red for the day, as market continued to consolidate for straight fourth day. Today, being April month expiry, we may see some range bound trades in early hour. Nifty, may open +ve around 5858.... if sustains this, we may see 5888 range intraday.Above 5888, sustining for few minutes, Nifty may see higher range of 5915++. On lower side, immediate good support @ 5820, if sustains below this, we may see some more booking.

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