Friday, June 5, 2009


Nifty has been trading in range of 4450-4575 for last 5 days, yesterday it gave a breakout from that range when it made a high of 4582 but again closed within the range at 4573, target for this breakout comes at 4700 but if we zoom out(chart below) we see that nifty would face stiff resistance at 4640-4648 area.

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