July 28, 2009

Intraday View For 28/07/09

Nifty: Resistance 4591/4610-4620/4666/4700
Supports 4552-4545/4520/4504/4482

Nifty had a volatile session, after opening gap up, it traded in a range & closed flat. As expected, Nifty faced resistance on higher area.... a close above 4620 (With Volumes), we may expect 4800 zone on cards in coming days & close below 4499, will take Nifty correction to 4400-4333 zone.
For the day, we again expect supply at higher zone with RBI meet may give some side to market. Expect flat/-ve opening.

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