June 26, 2011

Intraday View For 27-06-11

Nifty: Resistance 5495/5525/5555/5587/5615
Support 5455/5420-5415/5385/5355/5314

Nifty, as written, witnessed massive rally on back of short covering
buoyed by good news from Greece took nifty past 5450 intraday.Today, with weak global cues, Nifty may open gap down with 35-45 pts. Immediate support @ 5455... below this Nifty may test 5420-15 range & lower. On upside, to continue its upmove, Nifty needs to cross 5495. Above this range, Nifty stands in chance to touch 5525-5555 zone.

Stock to watch +ve for del: LITL
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