Tuesday, June 24, 2008

TECHNICAL OUTLOOK, 24 JUNE



Nifty 4266.40

Short term

If yesterday’s low of 4226 is not violated, Nifty is likely to make a bottom at current levels. If not, it is likely to decline towards 4000.



Extreme Short term

In the extreme short term, the level 4226 is crucial.



Intraday

Today, if Nifty trades above 4290, then it could test 4420. Instead, if it trades below 4290, then it could test 4100.





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