Nifty: Resistance 2825/2851
Support 2777/2755/2715/2701
Nifty traded again whole day in a defined range of 2755/2815 giving limited swing in this range. So now this range becomes very important for further movement. Either movement is needed for fresh movement. Below 2755 we may see 2680-2622 with 2725 offering minor support. Above 2830 Nifty may see 2880>2927 by facing minor resistance @ 2855.
Trade accordingly with levels.
SBI looking weak for 8XX levels.
Happy Trading.
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March 20, 2009
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