Nifty: Resistance 4593/4620/4635-38/4666/4700
Support 4555/4538/45284504/4474/4436
Nifty ended on positive note on the last trading session of July Mnth. For today,
Nifty above 4620 may try to touch 4635-4666 intraday. On upside 4666 will offer good intraday resistance to Nifty.
We have already discussed Nifty movement yesterday with chart. Dow Jones also crossing resistance charts, so we may see some good movements, supported by all +ve factors. But till we are not crossing/sustaining 4620-4666 (closing basis), we may see again some retrace from higher levels.
Expect +ve/flat opening on Nifty with 20-30 pts.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment