February 24, 2009

Intraday View For 24/02/09

Nifty : Resistance 2770/2820
Support 2725/2701/2660

We had a pretty long weakend to relaxe. With US market getting crashed daily, there are low chances to recover from this daily fall. We are keeping a view of 2660 zone to be held for any possible recovery as short-term bounce.
Expect a gapdown opening of 25-35 pts on Nifty with weak global cues.
We may again witness a volatile session, as this is February month's settlement week & we may expect some stock specific movements.

We have uploaded a brief Nifty report for coming months, to read: CLICK HERE

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