July 20, 2009

Intraday View For 20/6/09

Nifty: Resistance 4420-4444/4467/4488/4520
            Support 4333-4340/4301/4280

After a ranged week, which saw some volatility marked by bounce-backs, the market ended on a very positive note. It was a spectacular end to a reasonably good week, it being the biggest weekly gain since week ended May 24, 2009.
100% accurate prediction on Friday's view, we posted that " above 4280 nifty may tests 4333-4343 zone." 
Now, Nifty has resistance @ 4444, which if sustained can take Nifty back to 4520-4700 zone, & if Nifty didn't sustain this level then we may retrace back to 4100 zone. Expect a +ve opening & facing resistance @ 4420-4444 zone on Intraday Charts.

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