Monday, February 09, 2009

Market Brief

Good Morning ....!!!

Nifty Spot Pivot - 2826
Res 1 - 2873 Res 2 - 2900 Res 3 – 2947
Sup 1 - 2800 Sup 2 - 2752 Sup 3 - 2726

Nifty on friday bounced from lows & closed on higher band. From past one week we have been in a range of 2750-2850. We are keeping a view of break of either side this in coming days & hence a big move may be awaiting our way. US markets closed 2.7% + on Friday. Asian Market trading firm with 1% gain. Our market may open gap up with 15-30 pts on Nifty. We still maintain cautious outlook on market till either side break is seen

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