July 19, 2012

Intraday View For 19/07/12

Nifty: Resistance 5255/5275/5315/5333
Support 5222/5190/5171/5155

Nifty after having witnessed negative trades for the first half of the trading session, rebounded in late-noon trades and ended the day on a +ve note. Nifty tested & held crucial support zone @ 5190-5170 zone. Today, Nifty may give gap up opening with 30-35 pts in line with Asian market. Nifty now needs to sustain & cross 5275 zone, to continue its upmove towards 5300+ zone. Further upside, 5315-5333, above it, Nifty may head towrds 5355-5385, where it will be again offered tough resistance. Below 5222, nifty may test 5210-5191-5167 & lower zone.

Trade with levels.
Happy Trading.
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