Wednesday, June 18, 2008

Nifty Future for June 19 - Make or Break - Inder Bhatia

HOURLY CHART: The Indian market closed in the red zone. The markets saw selling across the counters and the Nifty erased all of yesterday's gains. As we can see on the Nifty future hourly chart, there is gap around 4509-4549, and in the coming session, this could get filled. Thus, 4500 would act as a strong support zone, where we could see some buying. However, if this channel breaks we would test again 4370 levels. The latter half of tomorrow would be very crucial.


HOT CALL
: Sell TATASTEEL

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