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Key Levels: Nifty support at 4485
Rex Cano / Mumbai Aug 07, 2009, 09:05 IST

Heavy selling towards the end of the day, yesterday saw the markets tank. The Sensex was once again unable to cross the 16,000-mark. On the downside, the index slipped below 15,670, which in turns leads to a further downside to atleast 15,350.

Today, mirroring weak cues from the world markets, the index is likely to break below the 15,350-level and may look to seek support around 15,150-15,190. In case of a pull-back the index is likely to face resistance around 15,715-15,840.

The NSE Nifty is likely to face resistance around 4,645-4,685, while find support around 4,525-4,485.

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