June 08, 2011

Intraday View For 08/06/11

Nifty: Resistance 5555/5585-5597/5615/5630
Support 5525/5495/5451-5444/5420

Nifty after gap down opening, covered day losses & remained firm green for rest of the day. Today, we may see gap down opening in line with Asian market. Immediate resistance @ 5555, if cross & sustains, Nifty can go upto further resistance zone 5585-97 range. On lower side, Nifty has strong intraday support @ 5525, if breaks & sustains below this range, it can slide upto 5495 & lower range.

Keep eyes on RCOM.
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