September 21, 2012

Intraday View For 21/9/12

Nifty: Resistance 5580/5612/5630/5666
           Support 5555/5521/5490/5455

Nifty remained in a tight range of just 10 pts for maximum time of the day, with some volatile session witnessed in last 30 minutes of trade, witnessing more profit booking. Today, Nifty may open with marginal gap up. Nifty has gap @ 5440-5520, which is now a crucial support in any dip, from where buying can be witnessed. Nifty may remain lackluster ahead of political uncertainty. Immediate support @ 5555, below it Nifty may test 5521-5490 zone in coming session. Resistance pegged @ 5580 & 5630. Nifty May trade in a range of 5500-5630 till this expiry due to lack of any trigger to force major moves. 

Trade with levels.
Happy Trading.
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