April 13, 2012

Intraday View For 13-04-12

Nifty: Resistance 5315/5333/5355/5385
          Support 5275/5255/5222/5205

Nifty managed to close in green despite a poor IIP data. Nifty took support @ 5275 & finally managed to close above this level. Today Infy results may set initial trend of market opening on a lower note. Nifty now has resistance @ 5333-5355. Above this zone, Nifty may head towards 5385-5400+ zone in coming sessions. Nifty has immediate intraday support @ 5275, break below it, Nifty may head towards 5255-5222 & lower levels. We may see a lot of volatility in initial trading hour. Wait for our levels to break for either side trades.

Trade with levels.
Happy Trading.
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