Nifty: Resistance 4620/4638/4645-4656-4666
Support 4555-4545/4510/4477-4488/4445/4420
Nifty traded in a range with negative bias whole day. After weak global cues, we may again expect a -ve opening on cards. On downside 4477-4488 will offer strong support, if Nifty open nears near to it, we may expect a small bounce. Below above given levels we may expect 4445 zone to touch.Nifty has immediate resistance @ 4620.
Expect a gap down opening with 40-55 pts on Nifty in line with Asian Mkt.
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August 17, 2009
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