June 28, 2011

Intraday View For 28/06/11

Nifty: Resistance 5544-5555/5587/5615/5630/5667
Support 5525/5500-5495/5455/5420-15

Nifty witnessed another round of upmove, & rallied 1% more on back buying interest + short covering. Nifty above 5495, touched 5555 as written yesterday. Today, Nifty may again open gap up with 15-20 pts inline with Asian market. Immediate resistance @ 5544-5555 zone. If sustains this zone, Nifty may see some more upmove till 5587 & above that towards 5615. On lower side, Nifty has support @ 5525.... if sustains below this, Nifty may witness some booking pressure till 5495 & below this 5455 & lower levels are possible.

yesteray our recommended scrip LITL did 6%+.
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