Tuesday, August 18, 2009

YESTERDAY CALL
Today nifty hit first two resistant.
MARKET VIEW FOR TODAY
I feel today it was a technical bounce back. Volume was not still impressive. Tomorrow trade will decide weather nifty will move upwards or downwards in near future. The important level to watch is 4480.
MARKET VIEW FOR WEDNESDAY
Technically in the price chart weakness formed. Would tomorrow nifty able to move above 4480 with good volume, then, I feel we can expect an up move.
NIFTY LEVEL
I suggest buying only above 4513 levels with strict stop loss 4480.
SUP: 4440, 4370, 4340, and 4290. RES: 4480, 4513, 4570, 4620. STOP LOSS: 4480.
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