Nifty: Resistance 4007/4040/4080-4090/4110/4140
Support 3990/3940/3905/3880/3850-3837
Nifty continued its weakness & ignored the positive IIP data on friday, which saw a huge sell off in last half hour. Our previous view has been 100% correct. Moving further. Nifty has strong support @ 3880, below that 3774 is next area which will be looked for. Intraday bounce from lower areas are not ruled out from lower support areas.Expect a gap-down opening with 25-30 Pts on Nifty in line with Asian Mkt.
Commodity Levels For 13/07/09: Click Here
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