Nifty: Resistance 4420/4444/4476/4511
Support 4380/4355/4322/4280
Nifty moved 100% as expected. Nifty sustained support level (4340-4333) & bounced to touch resistance zone of 4444 (High 4447) & crashed to close with just minimal gains. Nifty view remains same as yesterday. Important support @ 4340 & Resistance @ 4444. Breaking & sustaining of either level will lead to further movement. Also FM speech on 3rd July will give further direction to market. So we will advice to trade with limited risk this till then.
Expect +ve opening with 25-30 Pts gain on Nifty.
Delivery Pick: AREVA T&D (Accumulate)
Commodity Levels For 30/06/09 : Click Here
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