NIFTY SUPPORT@ 5220-5180 RESITANCE @ 5280-5300-5330
Yesterday the nifty open with the firm note, and as the day go through the index rose, reason would be the overnight buying in US market. The nifty overall rose 38 points, the top gainer were UNITECH and RPOWER with 4%and the top looser were POWERGRID and BPCL with almost lost of 3%. It was the closing day of future trading, the nifty could performed well but the index is still in pressure of cues from out of the boundaries. Hope the index will touches the new high in MAY month. For today the support would be at 5225 and the resistance would be at 5290-5300, if successfully breached and closed above, we are heading 5400-5500.Lower level major support range 5180-5200 to be watch out.
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Friday, April 30, 2010
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