Monday, May 4, 2009

Market Opening & Nifty Support - Resistance

NIFTY expected to open with huge gap up by 100+ points. NIFTY may simply cross 3600 and even can go up to 3650 in no time. Big gap ups don;t give great buying opportunities
NF Crossing above 3496
Will move up towards
3512 - 3530 - 3542
Crossing over 3545 with volumes?
Fireworks on cards up to
3584 - 3591 - 3617
On the Lower Side
ALERT: Yesterday's closing will act as support. Breaking below that itself is a sign of intraday weakness
NIFTY Future breaking below 3472
Can fall up to
3463 - 3454 - 3426. Below 3420?
Can fall up to
3392 - 3376 - 3352

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