October 03, 2012

Intraday View For 03/10/12

Nifty: Resistance 5737/5755/5777/5813
          Support 5712/5690/5668/5627

Nifty, on Monday, opened flat & rose in last couple of hour, but with low volumes. Today, Nifty may open with gap up opening, with 10-15 pts gains. Overall Nifty seems to be getting exhausted. Nifty if sustains above 5737, it may head towards 5755-5777 zone. On lower side, it has strong intraday support @ 5712. Nifty till holds on to this support zone, it may witness buying from support zone. Break below 5690, Nifty's short term trend may change & may head towards 5668-5630.

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