January 02, 2013

Intraday View For 02/01/13

Nifty: Resistance 5965/5980/6005/6030
          Support 5935/5915/5888/5855 

Nifty rallied on 1st day of New Year. Nifty cleared resistance of 5915 with gapup opening. Today, Nifty may open with 25-30 pts gap up. Immediate tough resistance @ 5965, which may be breached at the opening, but its sustainiblity has to be seen. If sustains, Nifty may head towards 6000-6030 zone in coming sessions. On lower side, 5935 is good support, if broken, Nifty may test 5915-5888 & lower zone. Over all, Nifty is at make or break zone, with good chances to move either side for good gains.

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