Nifty update for 09/03/2009

nifty has support at 2535-2540 level.Breach of the support level at 2535-2540 will lead to 2420-2425.we see that the William % R is already in profit booking zone,so we don't expect much panic fall in the nifty.

Trading above the 2628 (Friday's high) will bring positive for the market and if closes above the 2660-2665 level we can see some upward movement.