Good Morning....!!
Today's NIFTY Levels : PIVOT 2967.30
Resistance : 3031.6 >> 3076.30 >> 3140.60
Supports : 2922 >> 2858.30 >> 2810
Today we will bid a farewell to the troublesome calender year... 2008 by opening the days trade Positive (around 25 points Up).
The GLobal indices showed strength in the yesterday's trading session ......
DOW +2.1% NASDAQ +2.6%
Asian Indices: STRAIT -0.2% - SHANGHAI +0.1% - Hangseng +1.6%
Nifty will show strength to end the calender year in a happy note. But we may experience selling at the highs, we request you to book profit at the highs and build shorts witha strict stip losses .
Yesterday Nifty bounced exactly from supports & closed in gains. (Yesterday support suggested was 2899 & Nifty made low of 2899.75 & bounced 70+ pts) .
Nifty's immediate resistance zone is now @ 2990-3030. Till we close above 2880, Longs are safe.
Still dont carry naked shorts/longs, be hedged, to minimise chances of loss. keep the levels in tag to book profit or loss .
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