August 25, 2011

Intraday View For 25/08/11

Nifty: Resistance 4913/4936/4949/4990
Support 4880/4848/4832/4800

Nifty perfectly as written in yesterday's view. Nifty faced resistance @ higher zone & below 4913, Nifty witnessed slide below 4870 zone. Today, again we may open marginal +ve with 15-20 pts in line with Asian market. Immediate intraday support pegged @ 4880-4870. Intraday resistance @ 4913.... break of either range may take nifty to some more movement. Overall we expect expiry to be in a 4900-4950 range with some volatile moves.

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