July 19, 2011

Intraday View For 19-7-11

Nifty: Resistance 5585-5597/5615/5630/5666
Support 5555/5525/5495/5455


Nifty witnessed a narrow range market which ended with marginal loss with low volumes. Though we are not witnessing any significant moves ahead due to low volumes but we have to keep in mind significant chart formations. Today, we may open flat in line with Asian market. Intraday resistance again pegged @ 5587-5597. Sustaining this zone, Nifty may head towards 5630-5666 & above zone. On lower side, support is maintained @ 5555, below this 5525-5500 are possible zone to see.
Keep eyes on SouthBank for accumulation.


Trade with levels.
Happy Trading.
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