Sep 05,2008
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NIFTY closes at 4447.75. Sensex closes at 14899.10.

Bullish momentum fails to sustain. International markets trend may pull the nifty down inspite of good inflation figure.

4533+, 4573 to 4590 will be the next resistance levels on the upperside. 4522.40 would be retested in short to medium term. If positive momentum continues, NIFTY could even test 5130+ levels in medium term.

4457 and 4281 are the next support levels.

Consistent bearishness might bring down nifty to 4175 levels in medium term.