Even as Asian markets paint a mixed picture, the sharp fall in crude oil prices is likely to cheer investor sentiment on Tuesday. US markets were closed on Monday on account of Labour Day.
"Intraday, pivot in the Nifty is pegged at 4356 points. If it sustains above this level, then resistance in rallies is at 4408 and 4445 points. The Bears need to break below 4276 points to negate the pullback. Immediate support is at 4315 points. The Bears will again apply their might in the coming days hence be careful and keep on taking profits in long at regular intervals
Tuesday, September 2, 2008
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