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Thursday, July 24, 2008
Nifty resistance 4500-4600
It will be difficult to cross 4500-4600 level for the nifty.Even though UPA has won the trust vote and decks are cleared for the nuke deal with US,still the oil price,inflation pressures will continue for the coming many months.So one can not expect much from the profits side of the companies as the gov is forced to take monetary actions.So One has to wait before taking a medium term call.