October 11, 2011

Intraday View For 12/10/11

Nifty: Resistance 4990-5005-5050-5085-5115
Support 4949-4936-4900-4880-4850

Nifty faced resistance @ 5050 zone after continuous upmove from 4700 zone.Today, Nifty may open flat/+ve inline with Asian markets. Nifty has immediate intraday support @ 4949-36 zone. If breaks & sustains below this zone, nifty may see some more profit booking coming in towards 4900-4880 zone. On upside, 5050 maintains to be a tough zone for Bulls to cross & sustain. Closing above this, Nifty may see some more upmove coming in towards 5100 & above zone.

Trade with levels.
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