June 06, 2011

Intraday View For 06/06/11

Nifty: Resistance 5525/5555/5597/5615/5630
Support 5495/5451-5444/5420/5385

Nifty opened firm with modest gap up & traded +ve till noon, on friday. Though second half witnessed selling pressure & led nifty fall from highs. For today, Nifty may open flat/-ve in line with Asian Market. Nifty will face immediate resistance @ 5555... if sustains this level, Nifty can move further till 5597+ zone. On lower side, Nifty has immediate good support @ 5525, sustaining below this range, Nifty can see fall upto 5495-5451 range.

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