Thursday, July 16, 2009

Nifty might consolidate a day or two at this level...


Markets had full steam to run up to 4222 levels yesterday after closing almost near 4117 levels the day before.

Now that it has reached my target of 4222, I would rather sit and watch for the next big move and the expectation is that markets might also consolidate at this level for a day or two before making the next big move either side.

Resistance levels : 4283, 4314

Support levels : 4222, 4190, 4165


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Happy Trading
www.tripleint.com

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