Nifty: Resistance 4244/4260/4278/4333
Support 4222/4208/4190/4144
Nifty remained rangebound whole day in a broad range on previous day of trading. This week, we again expect a rangebound market with May month's expiry just 3 days ahead. Nifty is trading higher & with bears got squeezed with this massive rally, Bulls are having an upper hand in this market, but the problem is that all indicators are in over-bought zone.
Still I am not Bullish, till we cross & sustain 4550-4740 zone in near future, above that only I would consider safe buying. Expect flat/-ve opening with 4208-4190 as strong support on lower side & 4260 resistance.
Commodity levels for 25/05/09: Click Here
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