Tuesday, June 2, 2009

Market slips at higher level watch 4450

In the morning sgx-nifty up 80 points , i think that a new breakout in the nifty & we look nifty at 4800,5200 level in nifty but in early session the profit booking start & nifty slip its higher level,so i also start profit booking.
Continuing up trend in nifty the 4450 level to watch.If 4518 pivot level is break more weakness in the nifty is expected because -ve divergence appear in nifty- hour chart.

P - 4518

S1 - 4459

S2 - 4392

R1 - 4585

R2 - 4644

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