Monday, February 8, 2010

Nifty chart

Nifty faces resistant at the level of 4775-4780 levels which is a upward trend line resistant.Trading above this level will take to 4825-4830 levels in intraday.

Support remains at the level of 4690-4680 levels trading below this will take to 4550-4600 levels.
But in today's trade we expect this level to hold.

Maximum downside is 4550-4600 and maximum upside is 4900-4950 levels as far as this week is concerned.

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