Market View on 24/08/09

Nifty has managed to close above a great Resistance level of 4490. Now it's on the way to fill the gap created on last monday. US market has closed on a strong note above 9500, which indeed may provide us a gap up opening.

Friends i suggest you to go long only if Nifty stays above 4568 for 15 minutes. Intraday longs can be initiated after that with a stop loss @ 4555 and tgt for 4633.





Levels for the day :(Nifty future levels)

4527 - 4555 - 4562 - 4588 - 4633 - 4666