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Tuesday, September 02, 2008

Sideways movement may continue


The market is likely to witness sideways movement on the back of a strong intra-day volatile move. Stocks across the sectors along with heavyweights may gyrate sharply. Mixed Asian markets in mornings trades may further dampen the investors' sentiment. On the technical side, the Nifty has a stiff resistance at 4400-4440 levels and the downside strong support at 4330-4290, while the Sensex could test higher levels of 14700 and has a likely support at 14400.

US indices was closed on Monday on account of Labor Day.