Nifty has resistance at 4940: Nirmal Bang

Published on Tue, Nov 10, 2009 at 09:54 |  Source : Moneycontrol.com

Updated at Tue, Nov 10, 2009 at 09:57  

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Nifty has resistance at 4940: Nirmal Bang

According to Nirmal Bang Research report, for today, strong support for Nifty is placed at 4,860-4,820 and resistance is placed at 4,940.

Nirmal Bang Research report:

For today, strong support for Nifty is placed at 4,860-4,820 and resistance is placed at 4,940. Unless we get a strong move beyond 4,940 we don't expect the markets to give any fresh BUY signals. On the lower side only below 4,770 we expect further sell-off and at them time Nifty could even test 4,690-4,610 shortly.

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To read the full report click on the attachment......

Attachments : Daily101109_MC.zip

  

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