Good Morning .......!!!
NIFTY LEVELS -
Resistance - 3078 - 3120 - 3158 - 3185
Supports - 3040 - 2998 - 2960
Nifty may open flat , but can take an uptrend with the news of the interest rates cut by the major PSU banks and the lending institutions....
The ASIAN indices are trading mixed with NIKKEI and STRAITS TIMES in psoitive... the rest indices have given off the early market gains....
We may find a good rally in the Crude trading - OIL exploring firms in the day trade. this will be accompanied with the strength in the housing loan sector and reality sector....
We advice to trade witha strict stop loss in Nifty around the 3rd resistance level ...if Nifty crosses 3158 will head towards 3200 and above...
In the lower side nifty has a strong support at 2960 if breaks will taste the 2800 levels soon
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