June 29, 2011

Intraday View For 29/06/11

Nifty: Resistance 5555/5587/5615/5630/5664
Support 5525/5510/5495/5455-5444/5420

Nifty witnessed some consolidation after 200 pts rally in 2 sessions. Nifty traded firm in a range of 30 pts with some swings on both side. Today, Nifty may open gap up with 25-30 pts gain. Sustaining above 5555, we may see 5587 zone. Above 5587, Nifty has chances to inch towards 5615-5630 zone. On lower side, 5510-5495, is a crucial support [closing basis] on Nifty. Below this, nifty has chances to see some booking till 5455-5444 zone. Closing above 5555, Nifty has chances to touch 5600-5630+ in coming sessions.

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