Wednesday, February 25, 2009

Nifty update for 25/02/2009

Yesterday we have mentioned that nifty has support at 2665-2680,it touched the support at 2677 and bounced back.Now nifty has hurdles at 2800-2815 cross and close above this level will be positive for the market.Above that nifty can move to 2900-2905 levels.

Best strategy is go long with stop loss of the yesterday's low.In Hourly chart we see a positive divergence in RSI.

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