Tuesday, May 5, 2009

Market Opening & Nifty Support - Resistance

NIFTY expected to open flat and some profit booking is expected. Support exist till 3480. Below 3600, NF can fall down easily towards 3500.
NF Crossing above 3675
Will move up towards
3691 - 3713 - 3749
Crossing over 3760 with volumes?
It will blast all the way to
3776 - 3819 - 3840
On the Lower Side
ALERT: Support exist up to 3500 bcoz of yesterday's gap up. Any fall up to 3500 is not a correction & only profit booking
NIFTY Future breaking below 3636
Can fall up to
3625 - 3608 - 3559. Below 3550?
Can fall up to
3519 - 3496 - 3483

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