Intraday Trend-22/04/2013

Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if it is unable to sustain on psychological mark of 5800 then support range is seen near 5730-5680.

TREND: SIDEWAYS

SUPPORT : 5730 & 5680

RESISTANCE:   5820 & 5870

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