July 22, 2009

Intraday View For 22/07/09

Nifty: Resistance 4488/4523/4552/4599
Support 4444-4435/4422/4380/4333

Nifty remained whole day in a range of 30 Pts. Nifty has strong support @ 4523, above it, we may get some strong upmove. Nifty gets weak below 4422, below which me may test 4333 zone.
Nifty has scope for giving movement on both side. On upside, above 4552 > 4720 is possible range & if 4770 is sustained 5000 zone can be achieved.
On Downside, Below 4422 > 4333 is possible range in the fall & if 4280 is breached then 4110-4040 can be achieved.
Expect a positive opening with 15-25 Pts on Nifty.

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