08/09/2008 NIFTY data O: 4358.30 H: 4558.00 L: 4358.30 C: 4482.30 V:117221175
Key Resistance for Nifty cash
Resistance1: 4391 Resistance 2: 4425 Resistance 3: 4491
Key Support for Nifty cash
Support 1: 4524 Support 2: 4491 Support 3: 4424
The 4,510-4,360 range specified for Nifty on Monday was overcome as the Nifty surpassed the resistance specified. The western charts indicate an ascending triangle formation, which signals a breakout once the 4,650 level is overcome forcefully. The coming session Nifty likely to witness a range of 4,610 on advances and 4,360 on declines The bulls will need a consistent trade above the 4,480 pivot to extend their new-found initiative.
No comments:
Post a Comment