Nifty: Resistance 5420/5444/5495/5525
Support 5385/5355/5333/5315
Nifty after opening flattish, took support exactly at our mentioned levels @ 5275 & bounced back. Nifty gained momentum & strength through the course of time & went pass 5400. Today, Nifty may open flat/-ve in line with Asian market. Expect some resistance to take action @ 5420-5444 zone on higher side. If Nifty pass this zone, Nifty may move upside towards 5495 & above. On lower side, Nifty has intraday support @ 5385. If held, expect Nifty to bounce back from these levels, else, break below this, Nifty may see some dip towards 5355-5333 zone.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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March 22, 2012
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