Wednesday, December 2, 2009

Nifty daily chart update for 02/12/2009

Nifty support and resistant levels

World market are positive so expect our market to be positive today.Trading above the high of yesterday will lead to previous high at 5181 and it may lead to 5220 levels in coming days.

On the other side the hourly indicators are showing overbought levels,so we may expect some profit booking as the day proceeds.Support remains at 5110-5115 and below that 5070-5080 levels

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