February 03, 2009

Intraday View For 03/02/09

Nifty: Resistance 2799/2821/2856
Support 2750/2725/2680

Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770). Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witness.

Technical View On RCOM (LTP 159.5) : Faces Resis @ 165. Need to break & sustain 171 For next upside area of 181 (Again a very good Resis area), Abv 181 it can rally more upto 189/195 zone. On downside 150 is strong sentimental Support area.

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