Monday, March 16, 2009

Nifty update for 16/03/2009

On Friday we saw a rally now if it trades above the Friday's high of 2725-2730 than the rally can take us to the level of 2795-2800 very quickly.We expect the rally to end at the level of 2795-2800.Above the level of the 2795-2800 nifty can move to the level of 2835-2840.

Failure to hold the support at 2615-2620 will lead to target of the 2525-2530 levels.

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