Tuesday, February 3, 2009

Nifty update for 04/02/2009


Nifty closed flat!Settled the day after a little volatile session,It was not able to cross both the side either 2760 and 2820 levels.Nifty has support at 2765-2755 if broken will lead to target of 2685-2695.On the upper side above 2820, 2877-2885 will act as stiff resistant and above that it can move to 2910-2920 levels.

Nifty is trading in a tight range.As far as 2760-2740 holds the up trend is intact and the strong move above 2860-2880 for fresh up movement.Dow Jones has closed positive from the crucial
support level so expect some recovery in our market too!

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