Nifty: Resistance 4507/4555/4580/4594/4624
Support 4466/4444/4420/4374
Nifty witnessed another day of correction from higher resistance zone.After our alert on thursday on Nifty, we have witnessed almost 200+ pt correction.
Nifty has immediate support @ 4444 zone, sustaining below it, Nifty may test 4374/4330. We may see some good bounce if above levels are not taken. 4555/4624 are immediate resistance on upside in this corrective rally.Over all market to trade with +ve bias this week.
Expect a gap-up opening of 30-45 Pts on Nifty in line with Asian Mkt.
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August 10, 2009
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