Nifty Able To Maintain Its Close In Green Ahead Of Credit Policy And Expiry And A Question Arises To Every One That Shall Markets Make A New High In This Expiry Or Again Make Double Top At 4693 And Reverse From Here But It Seems That Markets Are At The High Resistance Levels So Please Keep Sl For Long At 4450 Levels Fii Are Buyers In Cash While Sellers In Futures Also Dii Are Net Sellers.
NEWS OF THE DAY
Economy placed slightly better; can grow 6.5% in FY-2010: RBI
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4555, Imp Resistance 4590,
Likely Trading Range 4535-4610,
Trade on long Above 4555 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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