NiftyUpdates For 11Aug09-----InderBhatia

The Indian market opened on positive gapup but not able to sustain at higher level and close in red zone .For coming session nifty had close near support zone if nifty trade above 4480 level we can test 4509-4530 on upside .On the lower side trading below 4387 we can test 4269-4242 zone .On hourly chart we are in over sold zone some bounces cannot ruled out .