Sep 02,2008
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NIFTY closes at 4348.65. Sensex closes at 14498.51.

NIFTY stays trendless. A high above 4365 may help upward momentum. 4280 is the support level.

If there is a bullish momentum, NIFTY could test a range around 4450. If there is a bearishness 4175 is possible on the lower side. These levels are medium term targets.

4400 serves as the short term resistance level. 4460 to 4480, 4573 to 4590 will be the next resistance levels on the upperside.