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Moneycontrol India :: News :: Nifty has resistance at 5300-5350: A Jain :: :: MARKET OUTLOOK :: Abhinay Jain, Sharekhan
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Nifty has resistance at 5300-5350: A Jain
2008-05-02 11:18:08 Source : moneycontrol.com
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Abhinay Jain, Sharekhan: Short covering after the Credit Policy pushed Nifty premium to 20 points and fresh longs were created yesterday. IVs remain low indicating further upside. The Nifty may face resistance at 5300-5350 with support seen at 5000. BHEL saw good Open Interest buildup and I expect a breakout in NTPC.

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