April 16, 2009

Intraday View For 16/04/09

Nifty: Resistance 3525/3550/3584/3621
Support 3445/3425

Nifty breached 200 dma & moved with force towards 3500. Now important resistance at 3550 , so we may see booking near this level. If this level sustains too, then we may see 37XX.
Till then exit in rise is advised. Expect a flat opening with profit booking expected in higher range.
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There will be no update tommorow.

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