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Market to stay voletile- this week (see chart)

Posted by: bhaumik   
August 16th,
2008
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WEEK AHEAD
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Nifty has violated month old support trendline(dotted light blue on the chart). However Nifty now remains buy on dips as strong 6 month old resistance trendline(solid dark blue on the chart) is expected support. Nifty 4230 is likely support for the week, Nifty 4680-4720 is likely resistance for the week. Nifty strong/weak above/below 4450 for the week. Nifty very weak on close below 4200. – vandeindia



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