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Chennai, Tamil nadu, India

Tuesday 2 December 2008

02/12/2008 Views

Hi, Nifty crossed 2780 but could not cross 2860 for that matter it got resisted at 2840 level and came down.Though it could not get support at 2700 ,it got support at2670 and closed at 2782. World indices are down which is shown in this blog may drag Nifty also down. Today Nifty may open down and move up. Investors who have bought 2700 long straddle can hold .People who can take risk can book profit of 2700 put when the market tanks and hold 2700 call to get in to profit.But always play the market according to the trend. Nifty may take support at 2630, below which 2540 and 2500. Nifty has to move past 2860 very strongly to see higher level. 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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