Mktviews Daily Nifty View 17/04/2012

Nifty has opened on a flat to negative note. 
Post opening, Nifty fut can move up till 5252-5263 area. 

Further upsideupto 5292/5312 only if crosses & sustains abv 5263. 
If does not cross 5263, then will trade rangebound between 5193 - 5263. 
Weakness will be witnessed upto 5161/5136 if breaks & sustains below support 5193. 

Key Supports : 5193 & 5161.

Resistance : 5263 & 5294. 

Probable Trading Range : 5161-5294 

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