Nifty Views for 25 June, 2009
Had Posted this on some other site (MMB)
"Date :23rd Jun, 2009 - 21:13
Technically Nifty has shown positive divergence today indicating a target of 4350-4400. Downside now only below 4180. Shorting advised only below 4140 ..."
Nifty gave ample opportunity to enter yesterday and closed just below the 4300 mark. Asian cues are positive and Nifty today is expected to also open on a positive note.
For day traders, watchout the levels of 4275 and 4260. As long as we stay above 4275, we can safely assume that this recovery will continue. Below 4260, we may see a retest of 4200 and then 4160.
By the way, I prefer to stay away and not draw any conclusions on expiry day...
Nifty resistance at 4335-4360-4375-4400. Support at 4290-4270-4240-4200
Nifty Options tips
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