January 20, 2009

Intraday View For 20/01/09

Nifty: Support 2799/2770/2725
Resistance 2829/2856

Nifty traded whole day in a range & it did tried to gave breakout but didn't sustained our resistance area of 2856 & again closed below these level. For too upside resistance level remains same.
On downside watchout for 2770, below this we may fall to 2725/2660.
Asian market trading down by 2%-3%. Nifty may open down too by 30-40 pts.
Avoid Real-Estate sector.

(Above levels

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