Good Morning...!!!
Nifty:
Resistance 2770/2799/2820
Support 2725/2690/2660
After a choppy session, yesterday we manage to close above the day's Lowson NIFTY spot. Every body expected some exceptional good announcements form the 44th President of US.
The First speach didnot do any miracle to the US markets which managed to close 4% on the downside as a cause of no good anouncements and the concerns of the Royal Bank Of Scotland.
The crash in the Us markets is followed by the downside in the ASIAN indices. Asia is trading in -ve mode and we may also expect a gap down opening of around 45-50 points and therefter stay weak. We may see some buying at the days lower levels 2725/2690 (Spot) if held on closing. basis.
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