Nifty: Resistance 4400/4444-4455/4499/4520/4555/4585
Support 4367/4350/4333/4311/4242/4225
Another day of hammering to markets. Nifty saw fall of more than 4% on back extreme weak Asian Market.Nifty below 4380 , we may expect 4333 & sustaining below that 4222-4180 can be expected in coming days. Expecting bounce from lower support area, so avoid shorts around 4333 zone.Above 4444-4455 zone, Nifty can gain strength for more bounce upto 4499-4520 zone.
We may expect flat opening inline with Asian market.
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August 18, 2009
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