Friday, February 6, 2009

Nifty update for 06/02/2009


Just as mentioned yesterday the support level of 2760-2750 holded and bounced at the last hour of trade.The break of the support would have taken to the level of 2730-2700-2670.On the upper side if the level of 2820 is crossed next hurdles is at 2840.

We see a double bottom formation in nifty hourly chart projecting the target of 2920-2925 if the level of 2840-2850 is crossed and closed in coming trading session.

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