(Updated on 15.04.13 at 07.30 AM)
Yesterday written that below 5565 Market would
favor bears only and would see 5519-5505.
Nifty future moved lower at 5515.10 and closed at 5535.
Market Direction for Today………..
Support @ 5520-5514 for intraday.
Crucial zone at 5505-5496.
Chances that market may sustain above 5500 levels are higher.
Hurdle @ 5551-5555
Above 5538 see upside up to 5551-5560.
If trades above 5556-5564 and not breaking below
5538-5527 zone then expect rally up to 5580-5600
If trades below this level then NF may retest 5480-5454.