May 02, 2011

Intraday View For 02-05-11

Nifty: Resistance 5777/5804/5816-5820/5840/5858/5888
Support 5735/5700/5680/5660/5630/5600/5555

Nifty after opening flat, witnessed selling in second half. For today, Nifty may open +ve & will face immediate resistance @ 5777 zone. If sustains above this zone, we may see some +ve move till 5816-5820. Above this levels, Nifty may tgt 5840+ zone. On lower side, nifty has immediate supp @ 5735.... below this, we may see some more booking till 5700-5680 zone. Sustaining below 5650, Nifty gets weak for 5555 zone in coming days.

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