Nifty: Support 2799/2770/2725
Resistance 2856/2880/2913
Nifty closed exactly at resistance zone of 2828. For today watch out for 2856 as resistance. Further moving on upside, Nifty needs to breach 31 day EMA 2913 (closing basis), to make fresh upmove.
RelInfra & Educomp looking good for Intraday swing movements.
Asian Market trading firm in +ve zone. Nifty may too open firm with 15-20 pts & we may witness little volatility in noon session.
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January 19, 2009
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