Friday, February 06, 2009

Market View

Good morning to all:


Nifty Levels for the day can be : 2706,2762,2780,2832,2842,2880,2940

Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session

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