Nifty: Support 2770/2725/2699/2660
Resistance 2828/2856
Nifty rallied in latter half lead by R-Pack. Today we may see a gap-down opening in Nifty by 30-50 pts & 2725 will again have to play crucial role for further trend decider.
North America's biggest maker of telecommunications equipment Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday. Due to this news European & US market crashed & closed down by 2-5%.
Asian mkt trading down by 3-4%
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