Nifty: Resistance 4380/4419/4444/4488
Support 4333/4300/4280/4222
Nifty again took support from lower support zone of 4240-4255 & closed at high point of the day after having a weak opening. Today eyes on 4380, break & sustain of it will lead to 4419>4444 zone. 4444 again is crucial level from where Nifty has faced stiff resistance. If this time too, its not crossed, Nifty may face harsh time ahead. Oil Marketing Stocks may show some good movement today, after Government's decision to rise Petrol & Diesel prices. Our delivery pick - Areva T&D performing good. We may witness volatility ahead of Budget Session, so avoid Leverage positions.Expect a +ve opening & 4380 as important level t decide further movement of market.
COMMODITY LEVELS FOR 02/07/09: CLICK HERE
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