Mumbai

Monday, July 20, 2009

Flirt With Nifty

Nifty Fut Swing{4381}:4273<4322<<4348>>4447>4528
Bank Fut Swing{7233}:6891<7002<<7099>>7298>7410

Nifty posted weekly gains of 387 points from previous week, now placed at crossroad @ 4400. The price action and momentum suggests further upside needs to cross immediate hurdle of 4480 for further gains. Support for bullish momentum likely to arrest retracement and support 4320-4280.

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Any recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all the risks involved in the stock

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