Nifty: Resistance 2727/2751/2770
Support 2711/2680/2651
Nifty rallied from lower support area & closed @ 2719. Stiff resistance now @ 2751 (cosing basis). Once crossing this level we may head for 2820 & Closing above 2850 will mean that we may break this range of 2550-2770 zone of Nifty, in which we are trapped since past 2 months & we may head towards 3XXX .... :)
Refer to our few days ago message... We said that Nifty (Fut) fall should stop @ 2550-2520 zone & a relief Rally should come in, low was 2525 range & We jumped almost 200 Pts since then.
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