05/09/2008 Nifty closing data
O: 4444.70 H: 4444.70 L: 4328.90 C: 4352.30 V:108527037
Support and Resistance for 08/09/2008
Key Resistance for Nifty cash
Resistance1:4362 Resistance 2:4395 Resistance 3:4461
Key Support for Nifty cash
Support 1: 4411 Support 2: 4378 Support 3:4312
The 4510 / 4360 levels advocated as a range for Friday was violated on the downsides as the Nifty closed below the critical Fibonacci level of 4360. The coming sessionNifty likely to witness a range of 4425 on advances and 4250 on declines. Should a close below the 4250 levels be attained on high volumes, a head and shoulder formation of Nifty will be confirmed with further bearishness.
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