Thursday, April 15, 2010

Momentum rally to kick in...


Markets have opened today on a very strong note and is trading near the previous session high.

It looks like there could be a momentum rally kicking in soon as most of the bears of the last session have been caught on the wrong foot and 5332 level should act as a very strong support level for today.

There is heavy build up seen in 5300 put and it is likely that markets might move on to test the key levels of 5406.

The intraday support and resistance levels as of now are

Resistance levels : 5387, 5406

Support levels : 5352, 5332





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Happy Trading
www.tripleint.com

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