Intraday View For 20-04-12

Nifty: Resistance 5337/5356/5385/5420

          Support 5315/5275/5255/5222

Nifty opened & traded firm in a range till noon, before +ve momentum was witnessed in late trade, helped by EU markets. Nifty today open, gap down with 15-20 pts in line with Asian market. Nifty, has again immediate intraday resistance pegged @ 5355. Sustaining it, Nifty may move towards 5385 zone. On lower side, Nifty now has good immediate support @ 5330 & below its @ 5275. Further below it, Nifty gets weak for dip towards 5250-5222 zone.

Overall, Nifty is stuck in a wide range of 5200-5400 zone. Either side break & sustain will bring 200-300 pts move in coming sessions.

Trade with levels.
Happy Trading.
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