Nifty: Resistance 4444/4475/4498/4520/4555
Support 4420/4380/4340/4307
We have been saying that, we may see correction if not crossed 4620-4660 & Important support @ 4550-4520 .....same happened .
Nifty on breaching the main support zone of 4520 saw a panic fall of almost 100 Pts. Now if we breach 4300 zone & close/sustains below it, then we may see another round of profit booking of 150-200 Pts in coming days, Else we may see some relief rally upto 4520-4555 from where again Nifty gets in critical phase.
One may utilise this dips to buy deploy few cash to enter HPCL/BPCL as delivery.
Expect a flat Opening, with either side swings possible on Intraday.
Commodity Levels For 09/06/09: Click Here
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