Nifty: Resistance 2799/2821/2850
Support 2770/2750/2728/2700
Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session.
Technical Watch : TATA STEEL (LTP:181.8)
Tata Steel India's premiere Steel Company is of late seeing hard time. Its near its strong support area of 178.8/167/150. Close below it can give some quick sell off. Haulting area for any upmove is seen @ 190.5/200/215. So we may see a movement in this range & either side break may give the further direction
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