February 12, 2009

Intraday View For 12/02/09

Nifty: Resistance 2925/2990
Support 2900/2880/2850

Nifty exactly did as we said yesterday, 100% exact prediction. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat.
Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925
(closing basis) Nifty looks good for 2990-3005 zone.

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