Nifty Futures Dec 08:
Supports : - 2835 , 2802 , 2769 , 2728
Resistance: - 2872 , 2897 , 2897 , 2915
The US Markets showed a volatile trading session before ending almost 2.5% down on DOWand the NASDAQ ....
Asia Opened weak with the concerns of US AUTO Bailout and are trading with heavily negitive sentiments.
The Asian INDICES recoreded a good fall with : NIKKEI down almost 600 points and HANGSENG almost 1100 down where as the SGX NIFTY trading more than 100 points lower.
On the back of global weakness, Indian indices are expected to open low and today will be real test or our markets, with the IIP nos in the row to be out today. Chances are we will bounce from the lows and there after remain volatile with negitive sentiments.
Watch out for 2802 to 2897 in Nifty as a crutial trading levels.
We advice to stay short in nifty with the given trading levels as a stop loss.
No comments:
Post a Comment