Thursday, August 30, 2007

4400 is a resistance for Nifty; Reliance is strong!

Nifty is inching up slowly every 15min, this is all due to reliance, since reliance has a strong effect on Nifty. Nifty has to cross 4400 and remain above it for a few minutes to resume upward journey. Since today is the expiry day we should expect some small range movement as traders switch over to the sept futures.

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