Sep 09,2008
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NIFTY closes at 4482.30. Sensex closes at 14944.97.

NIFTY did test a high above 4522.40 as we mentioned in previous post. 4466,4281 are the next support levels. First support likely to get broken, if the market follows asian market trends. NIFTY has to pierce 4573 to 4590 resistance level if it has to move up.

If positive momentum continues, NIFTY could even test 5130+ levels in medium term.