Nifty: Resistance 2699/2725/2760/2799
Support 2657/2626/2600
Today lookout for 2725 as strong resistance on upside. Break out of this level may take Nifty towards 2760-2799 zone. As January month settlement is just 2 days away, with any positive news, we may see some short covering. But any rise will be limited & Bears will try hard to take full advantage of those rise.
US mkt closed with firm gains, whereas European mkt showed good gains.
Asian mkt opened firm lead by good gains in Nikkei.
Nifty may open gap up with 30-45 pts gain.
Unitech looks good for some "Dead Cat" bounce, overall view is bearish
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