Monday, February 9, 2009

Nifty update for 09/02/2009


Nifty closed just inside the resistant level(2840-2850) mentioned on Friday.Today nifty should cross the resistant zone placed at 2860-2880.If trades above this level for 1 hour further up move is expected in the nifty.The macd has given positive sign by crossing above the zero line.

Support is placed at 2770-2775 as far as the support holds the uptrend in intact.

No comments:

Post a Comment