Nifty: Support 2725/2690/2660
Resistance 2770/2799/2820
Nifty remain in a narrow range of 10-20 pts whole day in absense of strong Global Cues. Nifty did gave a last hour breakout lead by Power Stocks. U.S market crashed to almost 2 mnth lows on OBAMA's oath taking ceremony day on fresh banking worries..
Dow Jones -4.01% & Nasdaq -5.78%
Asian mkt too trading lower by 1% - 2%
We too may open lower by 30-50 pts on Nifty. Expect a small bounce from lower levels of 2725/2690 (Spot) if held on closing basis.
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