May 20, 2011

Intraday View For 20-5-11

Nifty: Resistance 5444/5455/5495/5525/5555
Support 5415/5385/5355/5315/5275

Nifty maintained its marginal +ve trend for maximum part of the day. Today, Nifty may open +ve in line with Asian market. On upside, Nifty will again face immediate resistance @ 5455... if this level is sustained, Nifty may try to see further upside till 5495-5525 on higher side. On lower levels, Nifty is maintaining 5400 closing basis till now. Support is maintained @ 5385 for bulls [closing basis]. Sustaining blw this, Nifty can see further sell of lead by sentiments.


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