Nifty: Resistance 3110/3156/3187
Support 3042/3030/3005/2990/2922
View: Yesterday we wrote: "For today 2929 holds the key for Nifty." ..... Low made 2931 & market jumped 150 odd points. I hope you all liked the accuracy.
Personally I dont expect market to go beyond 3220 to the maximum. So we may see fresh sell off/profit booking, before more buying may come in. Always remember, Bear-Market rallies are more steep & looks more lucrative than Bull-Market rallies.
Ranbaxy looks good for delivery based buying in dips. Accumulate in dips for 1-2 months.
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