Thursday, January 15, 2009



As informed earlier nifty tested the res at 2815 level in first half of the trading and declined to test the support at 2750 level.and at second half nifty pulled up and broke the res 2815 and finally closed at 2835 which is the next res.Now as for tommorrow if it sustains above 2850-2860 next level nifty can stop at 2950 only.

overall trend is negative as long as it remains below 3150 level.maximum this rally can reach upto 2950 level.At that level close all the long position and initiate new short with stoploss of 2950 level.

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