Google+ VIEW FOR 30-07-2009 ~ NIFTY DEMYSTIFIED

Thursday, July 30, 2009

VIEW FOR 30-07-2009





Nifty showing corrective move on the upside from yesterday's low of 4415. As long 4532/35 is not crossed it can be weak and under pressure by the bears. In that case,
Supports: 4478/75 can be pivotal . Below that nifty can target 4442/40 and decide further moves. At 4395/90 lies the crucial support for medium term.
Resistances: 4532/35 is most crucial, above which next target fro nifty will be 4562/67-4586. Above 4586 Nifty can show more strength with a target of 4660 positional.
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