10-11-2008 Views.

Hi, After the American election the world market fnished with gain. Indian sharemarkets also closed in green. The nifty is in a position from where it can move up or down.It is just above 2960 which is an important support.it will face resistance at 3000 and then 3150 . If it crosses 3240 we can see upmove. Below 2960 we may see support at 2780 , 2700 ,2630 below which nifty may be taken down to 2550,2500 initialy.Below we may find nifty to find major support around 2250. The author is of the opinion the investers can buy 3000c and 2900 put . They stand to gain . Best of luck in trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.