Wednesday, July 29, 2009

View remains intact..Nifty to test further highs ?!


Another doji yesterday and the general view has been created as to Nifty is struggling to move past 4600 levels.

Overall the pattern still remains extremely bullish and can push Nifty all the way to test 4700 levels.

In case if the expected up move doesnt happen today, then also it looks like there will be a strong up move tomorrow for the expiry. The expiry strike will be more or less clear at the end of the day today.

Resistance levels : 4585, 4605, 4630, 4659

Support levels : 4550, 4537, 4502


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Happy Trading
www.tripleint.com

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