Friday, August 14, 2009

Nifty Views for Aug 14, 2009

Nifty is expected to open flat to positive in the morning and then correct/ consolidate for the first 1-2 hours. In the second half, it may pick up momentum again and end the day in green.

Day trader may sell Nifty if spot goes below 4600 for a target of 4570-4540. On the other hand, if Nifty manages to hold above 4605 spot, it may test 4650-4680 today.

Nifty Resistance at 4630-4680-4700-4755.
Nifty Support at 4600-4570-4530-4490

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