March 21, 2012

Intraday View For 21-03-12

Nifty: Resistance 5315-5333-5357-5385
Support 5275-5251-5222-5200

Nifty had a volatile session... it opened flat & soon slipped into red & hit fresh lows. After alot of volatility, nifty turned green in late trade & managed to close with minor gains. Today, Nifty may may open flattish inline with Asian market. Nifty will face immediate resistance @ 5315-5333 zone. If nifty sustains above this zone, expect Nifty to move towards 5357-5385. On lower side, intra support pegged @5275 - 5255, below it @ 5222-5210. Till 5165 is holding, risky traders may utilize dips to buy, sl 5165.

Trade with levels.
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