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Nifty may test 4350-4400: Karvy

Published on Wed, Jul 23, 2008 at 09:39 , Updated at Wed, Jul 23, 2008 at 09:41
Source : moneycontrol.com

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According to Karvy Stock Broking Technical Analysis report, domestic indices are likely to head towards the 14500-14600/4350-4400 levels during the day, supports are placed at the 13800/4180 levels.

Karvy Stock Broking Technical Analysis report:

World markets have ended on a positive note while Crude Oil prices falling will also serve as an added positive trigger. The outcome of yesterday’s trust vote of the UPA government succeeding in retaining power will lead to a gap up opening. Domestic indices are likely to head towards the 14500-14600/4350-4400 levels during the day, supports are placed at the 13800/4180 levels. Yesterday, we booked profits in trading longs owing to the uncertainty of events; we shall give fresh recommendations after looking at the opening trades today.

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