Support & Resistances for 10-07-2009

Support & Resistances for 10-07-2009
 
    SENSEX NIFTY FUTURE (July2009)
    BANKNIFTY NIFTY
09-07-2009 Open  13796.19 4078.75 6650.00 4074.00
High 13879.18 4114.90 6738.00 4109.90
Low 13643.97 4039.85 6529.95 4033.35
Close 13757.46 4080.95 6653.75 4074.05
LTP 13769.15 4083.50 6644.00 4075.20
Range 235.21 75.05 208.05 76.55
10-07-2009 R3 14230.62 4228.67 7056.67 4225.53
R2 13995.41 4153.62 6848.62 4148.98
R1 13876.44 4117.28 6751.18 4111.52
PP 13760.20 4078.57 6640.57 4072.43
S1 13641.23 4042.23 6543.13 4034.97
S2 13524.99 4003.52 6432.52 3995.88
S3 13289.78 3928.47 6224.47 3919.33
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports
           

FOR THE DAY (09 July 2009)

FOR THE DAY:

The indices are expected to open on a flat-to-negative note as global indices are on the weak side.

Trade short in Nifty from 4080-4100 levels with a stop loss placed at 4120 levels.

Nifty has a crucial support placed at 3980 levels which needs to be observed closely.

Speculative long positions may be assumed if Nifty finds support at 4000 levels targeting higher resistances with a stop loss placed below 3980 levels.

Investors are advised to remain cautious around the indicated critical levels.