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Chennai, Tamil nadu, India

Monday 24 November 2008

24/11/2008 Views

Hi, Nifty closed at 2693 below the 21st Nov high of 2717. That shows that shorts are created at high . Since American market closed high we may see some upside here also. Nifty has to cross 2720 first and cross 2800. then the resistance will be at 2985 and 3000. All technical analysis may go hay ware since November future contract will expire on coming Thursday. So we will see lot of volatility in the market. Investors with weak heart will be better off if they stay away from the market. Downside Nifty may touch 2600 and 2550 level before the expiry day. 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.

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