August 14, 2009

Intraday View For 14/08/09

Nifty: Resistance 4636/4646-4655/4677-80/4707/4745
Support 4555/4545-30/4477/4444

Nifty continued its upside movement with force & closed above 4600 mark. Nifty now enters strong supply zone. Fresh/safe buying only suggested above 4745. For intraday strong support exist at 4545 zone, use dips only to enter, do not enter in gap-up market. On upside 4745 is resistance, till then exit on rise.
Expect flat/-ve opening on Nifty in line with Asian Mkt.

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