Google+ VIEW FOR 070809 ~ NIFTY DEMYSTIFIED

Friday, August 7, 2009

VIEW FOR 070809




Supports: 4555/35 is real big place as shown in above figures. Breaking that nifty may witness some serious trouble again up to 4475-4448, which is again a important level. From midterm perspective nifty should hold 4275 to maintain the secular uptrend.
Resistances: Market exhibiting prefect movement which can be gauged by technical, nifty
holding the 4535 zone may reach up to 4600-4625. Crossing that bulls can again come back to play and can show us 4662/65 (important zone)-4690-4715 again. Crucial day, play cautiously.
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