Friday, May 30, 2008

Nifty 30-May-08

Nifty(4835.30)
Once again market turned volatile and closed in the red even after positive opening and positive global cues. So still people are afraid of taking a short or medium turn view on our market. Long term view is very much optimistic. But for the short term we believe that there is no such positive surprise that is going to drive the market up again from here. For today supports are 4772, 4709 and resistances are 4864, 4927

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