Today we expect flat or negative opening in the index.Nifty made a false breakout on friday,the breakout should be valid only if it closes above the resistant with 2 to 3% higher from the breakout.Several attempt is been made at 2860-2880 levels a breakout above this level will lead to minor resistant at 2900-2920 and above that it can make up to 2940-2950 levels.
Support remains at 2800-2820.A close below this levels will support only down trend projecting the target of 2650-2670 levels.
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