June 24, 2011

Intraday View For 24/06/11

Nifty: Resistance 5335/5353/5385/5420/5451
Support 5315/5275/5251/5210/5175

Nifty after having a silent opening & initial hiccups, finally gained & maintained its upswing till end, though some booking came in post Europe opening. Today, Nifty may open +ve in line with Asian market with modest gains of 20-25 pts. Immediate resistance @ 5335-5353. If nifty is able to sustain this zone, we may see some more upswing till 5385+ zone & above 5385 we may see 5420 zone. On lower side, below support range 5275-52521, nifty gets intra weak for some selling pressure.

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