Nifty: Resistance 4494-4500/4524/4555/4576/4620
Support 4445/4400/4374/4333
Nifty bounced smartly from lower area as expected. Nifty now has immediate resistance @ 4494. Nifty made a diagonal support zone @ 4374 zone, so this area will offer some strong support to the dip. On upside 4500-4524 will offer some immediate resistance. Expect a flat opening with some -ve bias inline with Asian Market.
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August 19, 2009
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