Nifty: Resistance 2625/2662/2699
Support 2580/2550/2520
Refer to our yesterday's post : " Nifty Fut: It may test 2600-2580 if stays blw 2625." Below 2625, Nifty Fut made a low of 2577.60.... 100% correct view.
For today Bulls have a last chance of surviving by saving 2550-2520 zone (closing basis). Technically, all indicators in oversold zone, so we may expect a pullback anytime from lows, so avoid shorting at lower levels.
On upside 2625-2660 will now offer good resistance to Nifty Fut. closing above 2660 will lead to a small pull back upto 2725/2768 zone.
Happy Trading.
March 04, 2009
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