17-06-2008 Views

Hi, Nifty has moved up above 4550 and met resistance at 4600 level and closed at 4572on 16-6-2008.Now nifty has to close above 4682 and sustain at that level . Then only the NIFTY will move to 4700 levels. AT 4700 there will be lot of selling pressure. If NIFTY manages to close above 4700 on Friday heavy short covering will take place and nifty can see higher level 4900,5000 during this month's contract expiry week. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.