August 28, 2009

Intraday View For 28/08/09

Nifty: Resistance 4707-4716/4734/4747-4750/4774
Support 4660/4646/4610/4594/4555

And yet again Nifty remained in a range of 25-35 pts on Expiry day. Only positive factor supported nifty was volumes. Nifty may see correction in coming days, but still confirmed movement of same is still awaited. Till 4380 is held, dips can be utilised for buying.
For today on downside 4646, will again offer good support & 4734 on upside as strong resistance.
Expect flat/-ve opening opening in line with Asian Mkt.

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