July 18, 2011

Intraday View For 18/07/11

Nifty: Resistance 5585-97/5615/5630/5656-5666
Support 5555/5525/5495/5455

Nifty opened in green & after initial trading in positive zone, Nifty slipped into red as booking emerged at higher zone. Nifty, today may open flat in line with Asian market. Immediate trend decider level @ 5585-97 range.... if sustains above this zone, Nifty may see some upside move towards 5615-5630+ zone. On lower side, 5555 will offer ample support to down moves. Break below this zone, nifty may see some selling pressure to slide towards 5525-5495.

Trade with levels.
Happy Trading.
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