May 27, 2011

Intraday View For 27-05-11

Nifty: Resistance 5420-5455-5495-5525-5555 Support 5385-5353-5315-5275-5250 Nifty spiked up on last day of expiry with a lot of volatile moves in last hour of trades & closed above psychological barrier of 5400 . For today, nifty may open flat/+ve in line with Asian market. Immediate resistance @ 5420... if sustains, it may move towards 5455+ zone. On lower side, Nifty has immediate support @ 5385 & strong support @ 5353.... below this level, Nifty has chances to move further down towards 5315-5275 zone.

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