NiftyUpdates For 2Sep09-----InderBhatia

The Indian market opened on significantly higher along with other global market but not able to sustain at higher level and saw sharp sell off close with deep red zone . Another attempt bulls made to cross 4750 but fail and saw strong attack from bears breaking the support 4620 but managed to close above 4620level.For coming trading id nifty trade below 4600 it likely to test 4550-4520 zones .On the other side 4660-4693 zone will act as resistances for the day. Key level to watch 4583 for bulls below that level bear will have upper hand .

Rising Wedge on DowJones be alert ..............