March 19, 2012

Intraday View For 19/03/12

Nifty: Resistance 5355/5385/5420/5444
Support 5333/5315/5275/5251/5210

Nifty opened +ve & witnessed a volatile session through out the day & finally closed deep red, as Fin Min set only modest targets for trimming a fiscal deficit and no big reforms were announced. Today, Nifty may open with marginal gap up of 10-15 pts. Immediate resistance @ 5355... if sustains, Nifty may head towards 5385 & above it towards 5420 zone. On lower side, Nifty have good support @ 5333 & 5315. Closing below it, Nifty may test 5275 - 5251 zone.

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