12-11-2008 Views

Hi, Technically there was move upwards. But it was aborted as it was thought it will have resistance at 3150. Heavy selling brought nifty to the level from which Nifty may go up. Important level to watch is 2900 to 2920. If this level is held then nifty will regain its near 3150 level. If nifty follow up the sentments of the world market it will come down more to 2860. If 2860 is not held nifty may come down to 2670, 2600 levels. The investers can hold 2900 put for some more time and can take advantage of cheaper calls and buy 3100 c. 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.