As we discussed earlier post the Nifty should trade above 4139 piercing the 4171 resistance is the precondition to test new high. It looks that it may take a week to break the barriers. For tomorrow RIL should trade above the resistance 1612 and low should be above 1603. ONGC should trade above 928
The chances of Nifty moving forward nullified by the Tech and Auto mobile drags. So it seems Nifty could test 4040 level.
Tuesday, May 08, 2007
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