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Nifty Levels

Wednesday, August 8, 2007

NIFTY (4356)

Tuesday on back of good rally by Dow, we made a gap up opening and then it was sideways to down and by end of day, Nifty gave up all the gains made during the day.

Pivot Point trading levels for 8th AUG is as under.
S2 S1 PIVOT R1 R2
4304 4330 4368 4394 4432

Pivot Point trading levels for the Week 6th - 10th AUG is as under.
S2 S1 PIVOT R1 R2
4214 4308 4421 4515 4628

Pivot Point trading levels for the Month of AUG is as under.
S2 S1 PIVOT R1 R2
4150 4339 4494 4683 4838

20-DMA 4482
30-DMA 4437
50-DMA 4349
100-DMA 4170

Resistances on the way up are at 4364, 4433, 4503. Support is at 4294, 4224.
These are not for any particular day and are valid for MEDIUM TERM.

Nothing much to say. Same view holds for tomorrow also. Only a close above 4437 will show first signs of strength coming back. Till then play intraday.

Support for the Nifty is at 4310, 4230, 4166, 4102, and 3973.
Resistance is at 4357, 4385 4413, 4435 and 4458.

Posted by FR at 9:08 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.