Nifty: Resistance 3090/3113/3156/
Support 3030/3005/2990/2965
View: We had series of good news poured in on Friday post market hours: RBI CUTS RR,CRR & GOVT ANNOUCED 2nd FISCAL PACKAGE WORTH Rs 20,000 Cr.
With positive domestic & global sentiments we may open gap-up with 30-50 pts on Nifty & will face stiff resistance @ 3113.On downside wif we go below 2965 , it may be termed as short term down trend confirmation.
Till we dont close above 3220, every rise is a booking chance for longs. (Above 3220, we may see more longs build up with safety).
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