Nifty: Resistance 5441/5451/5491/5525
Supports 5420/5400/5385-5350/5332
Nifty traded exactly in our given view & levels. It faced resistance at higher levels & cracked to go below 5400. We are already giving alert messages from past few days on long sides to be hedged/exit. Intraday, Nifty may open flat. Immediate resistance again pegged @ 5441-5451 range, if sustained, Nifty may see some more upside to 5491-5525. Avoid selling at lower levels, may be some corrective upmove can be seen from lower levels from strong support range of 5385-5350.
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August 17, 2010
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