Nifty: Resistance 4140/4180/4222/4243/4280
Support 4090/4040/4020/3990
Nifty remained whole day in a 15-20 pts range after opening gap up post strong global cues. Nifty did gave a upmove in last 1/2 hr breaking the range. Still overall view is negative. Nifty faces immediate resistance @ 4180-4222 zone on Intraday charts. So one may consider this rally to exit leverage long positions or take hedge positions. On downside Nifty below 4020-3990 zone, will invite fresh selling.
Expect flat/+ve opening in line with Asian Mkt.
Commodity Levels For 15/07/09: Click Here
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