Nifty - hesitant move

Nifty , though it moved up today, the upmove was one of caution. There was clear hesitation from market players to go aggresively long.

The Nifty is likely to get resistance at 4820-4845 levels and now after today's close I shall be watching the 4750 level closely.... Break below this may give us (hopefully) the last push towards the important support level of below 4600 in a few days.



At that level (sub 4600) I would cover my medium term short sell positions and wait / go on sidelines.

Now I have to rush for my seminar today . . .

Happy trading

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.