July 23, 2009

Intraday View For 23/07/09

Nifty: Resistance 4444/4480-4490/4523/4552-4566
Support 4410-4422/4380/4340-4333/4280

Nifty rallied in early session & faced resistance at higher zone (4552-4566), from where we saw fall. Fresh buying now advised only sustaining above 4566.
Sustaining below 4410 > 4380-4333 are possible target zone intraday on downside & Above 4444 > 4480-4523 are possible target zone intraday on uupside.
Avoid leverage trading, we may witness a lot of volatility.
We have already updated our expected view on Nifty Movement in coming days : CLICK HERE.
Expect flat/+ve opening on Nifty.
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