Nifty: Resistance 3696/3707/3736/3770
Support 3666/3635/3591/3550
As predicted yesterday Nifty rallied from lows & closed at day's high "Above 3565 , we may see 3596 zone, where we may see fresh selling, if we sustain this levels too, then 3615/3636 can be seen".
Nifty Trend: Sustaining above, expect upto 3736. Here, we will like to make a point that above 3770, if we sustain & close for 2-3 consecutive sessions, then we may stand in chances to test 4XXX levels. But, upcoming election results will have its impact on it. So, still we maintain a cautious stand & would advise, to trade strictly intraday & avoid leverage positions on either side.
Expect a flat/-ve opening in line with Asian market.
Commodity Levels For 13/05/09: Click Here
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