January 16, 2009

Intraday View For 16/01/09

Nifty: Support 2725/2700/2677/2660/2620
Resistance 2756/2770/2799

Nifty traded whole day in a narrow range. For today watchout for 2756/2770 on Nifty (Spot) as crucial levels. Above 2770 , we may see some short covering upto 2820/2880 in coming days. As now, alot of market movement is depended on results coming in, volatility will remain as theme of the day. Please trade with Strict SL & keep booking small profits as when it comes.


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