Support 2476/2427/2270/2113
Resistance 2887/2935/3090/3250
View: Nifty breaking all major supports after sell button being pressed by FII's. Market losses for the 5th consecutive week. It was the worst weekly performance of the Sensex & Nifty in more than three years. Boldly said on friday that, below 2880 Nifty supports exist at 2676 & Nifty crashed intraday to taste those levels. Now below 2476, Nifty finds small support at 2427 & major support exist at 2270. Sensex nearing strong support area of 8500.Nifty may open flat/negative & we may again follow volatile session soon. F&O expiry just 2 days away so we may see very small pull back too.
FIIs net sell Rs 509cr in F&O on Friday.
FII's have so far sold shares worth of Rs 48,527.90 crore in calendar year 2008.
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