February 24, 2012

Intraday View For 24/02/12

Nifty: Resistance 5525/5555/5577/5615
Support 5495/5455/5420/5385

Nifty closed with marginal loss on expiry day, with sharp movements on both sides were seen in noon trade. Today, Nifty may open flat, inline with Asian markets. Immediate resistance pegged @ 5525. If sustains above this, Nifty may see some covering towards 5555. Above it, Nifty may head towards 5600+. On lower side, Nifty now has good support @ 5455 & below it @ 5420. Till its lower supp zone is holding, Nifty dips can be utilized for buying stock specific trades.

Trade with levels.
Happy Trading.
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