Nifty: Resistance 3050/3111/3156
Support 3005/2980/2930
View : Nifty gave a good breakout from lows.
Dow cheered on Fed announcement on more rate-cut to record lows.
Stiff resistance at 3111-3156 zone. If crossed with volumes, we may test 3220/3390 in coming days, else we may see profit booking from higher/resistance levels.
Level to watch:
3111-3156 on upside
3005 on downside.
We may open Gap-Up with 30-50 points in Nifty.
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