Nifty futures may open gap up around 4390-4400 on monday because of strong US markets. We are entering in the Expiry week ,So Some Volatility is expected.
The Nifty has a resistance 4400>>4465>>4515 .The suports are at 4330>>4310 and Finally 4250.
This being Expiry week and we are opening Gap up and directly near resistance of 4400 . One should be cautious at higher levels.
Buy on DIPS only can be the strategy.
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Monday, August 25, 2008
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