Nifty: Support 3460/3440/3408/3399
Resistance 3495/3515/3536/3550
Nifty rallied from lower support levels on friday. Indian market has been out-performing global markets since past month. But still, I am of the view that, its still a bear market rally & its too early to term it as Bull market ( Like others ). To term it as a fresh bull market breakout, we need more confirmation technically.
Expect a flat/-ve opening , inline with Asian Markets, with 3440 as a immediate strong support.
NSE F&O Turnover increased to Rs 68,374.47 crore on Friday, 24 April 2009 from Rs 68,331.06 crore on Thursday, 23 April 2009.
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