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Wednesday, September 05, 2007

Nifty has resistance at 4500-4520

As per the market analyst the coming trading session will open on flat note and may be in negative trend. But we observed some profit booking / sharp selling in last half an hour of the trading at higher notes this suggest that negative bias may continue for coming trading sessions. On the downside, Nifty may test 4420 – 4400 if it convingsingly trades below 4455 level. On the upside, Nifty has a resistance near 4500 - 4520 levels. The short-term investors are advised to book partial profits at higher levels.

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