July 01, 2009

Intraday View For 01/07/09

Nifty: Resistance 4308/4333-4340/4388/4420
Support 4280/4255/4222/4190

Again our resistance level of 4444 proved 100% crucial, Nifty made a high of 4440 & after that Nifty kept felling whole day with a gradual pace. Nifty just managed to sustain 4280 level (closing basis). Closing below this level, we may see another weak sessions following up. We are already advising light positions ahead of budgetary session.Expect a flat/-ve opening with Nifty immediate support@ 4280-4255 zone, which if held can give a bounce.

COMMODITY LEVELS FOR 01/07/09: CLICK HERE
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