July 31, 2008

Intraday View For 31/07/08

Nifty: Resistance 4320/4360/4420/4470
Supports 4280/4220/4186/4168

View: Nifty made a bullish breakout after strong Global Sentiments. Critical Resistance is 4420-4470. Avoid making fresh buying in this area. Today is July months expiry, so stock specific movements will be seen.
Avoid naked F&O positions & any kind of BTST & STBT.

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