Monday, June 30, 2008

Nifty (4137) Support 4050 Resistance 4210

  • NSE NIFTY (4136.65) A sustained break below the 4100 levels will see the NIFTY heading to lower levels of 4000 levels. The 4000 levels is a psychological levels and any sustained break below the same will see the NIFTY heading to the 3700—3800 range. Sustenance of the 4100 levels is likely to see the NIFTY heading back to the 4350--4400 range. Today’s supports for the NIFTY are placed at the 4100 and 4070 levels whereas resistances are placed at the 4170 and 4200 levels.

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