June 23, 2011

Intraday View For 23/06/11

Nifty: Resistance 5315-5333/5355/5385/5415
Support 5275/5255/5222-5210/5175

Nifty, had a silent day & spent maximum within 20pts range of 5300-5280 & closed flat with 2.5 points gains. Today, nifty may open -ve with 10-15 pts loss inline with global cues. Immediate resistance @ 5315-5335 zone.... if sustains, Nifty may see some upswing towards next resistance levels of 5353-5385. This upmoves is just a bounce backs from oversold area only & not a uptrend. On lower side, below support range 5225-5210, nifty gets intra weak & below 5175-67, we may see some sell off again.

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