May 26, 2011

Intraday View For 26-05-11

Nifty: Resistance 5355/5385/5415/5451/5495
Support 5333/5315/5275/5250/5210

Nifty ended lower by 1% & breached 5330 mark. For today, Nifty may open flat/+ve inline with Asian market. Immediate resistance @ 5355-5385. For any further upswing, Nifty needs to cross & sustain this level. On lower side, Nifty will get support @ 5315.... sustaining blw this level, Nifty turns further weak for more fall till 5275-5250.
Being expiry, market may see some volatile stock specific moves.

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