August 06, 2009

Intraday View For 06/08/09

Nifty: Resistance 4707/4730-4745/4788/4820
Support 4680/4666/4645/4620/4580/4545

Nifty again traded in a broad range of 4630-4700 & faced resistance at higher zone.
Nifty is failing to sustain 4700 zone for past couple of sessions, so a short term correction is not ruled out.
We have already mentioned yesterday 4788 level to be watched out on upside for any breakout. On downside, breaking/sustaining 4645-4620 can take Nifty to 4580-4545 levels.
Expect flat/-ve opening inline with Asian Mkt.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

No comments:

  © ValueMCX 2011

Back to TOP