Nifty: Resistance 2872/2930/2962/2984/3005/3035
Support 2830/2782/2766/2725/2692
View: Nifty crashed from our first resistance zone itself & closed at lows on Wednesday.
With the help of positive global market & good inflation data, we may open gap up & will first trade in a broad range of 2900-2962 zone. Break of either side will decide next move.We will find alot of intermediate resistance on upside.Above 2962 we may go upto next resistance of 3005 zone, so we will advice to exit leverage longs on every rise.
NTPC looks weak.
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November 14, 2008
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