July 30, 2009

Intraday View For 30/07/09

Nifty: Resistance 4529/4545-4555/4593-4600/4624
Supports 4460/4440/4420/4390/4333

As we wrote yesterday that below 4525 we may see sell off..... same thing happened & we saw some panic selling below these levels. Nifty saw a panic steep fall below the levels.

We are attaching Nifty chart, with some expected movement. Break & sustaining above 4620 zone will take nifty to 4820/5000/5320 in coming days. Expect flat/-ve opening today & being expiry day of July month, we may see a lot of volatility & stock specific movements.

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