August 11, 2009

Intraday View For 11/08/09

Nifty: Resistance 4444/4466/4494-4500/4545-4555
Support 4400/4374-4380/4333/4312/4286

Despite strong global cues, Nifty didn't managed to hold up its opening gains & continued its trading day with its correction. Now, we wont advice shorts at current lower level. Nifty now weak sustaining below 4374-4380.
Expect flat/-ve opening in line with global market.
Dow Jones is on verge another breakout, but has immediate resistance @ 9639 zone.

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