Tuesday, July 28, 2009
RESISTANCE ZONE
Nifty slid yesterday and will continue doing so as 4550-4670 is a strong supply zone. Strategy should be buying in dips and selling at higher level. Today's pivot is NF 4572 with support at 4552-4530 and resistance at 4594-4624. Weakness below 4542 and strength over 4602. Some of the indicators are giving bearish divergence.
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