12-12-2008 Views

Hi, Nifty could not go above 2928, which is 34Ema on 3months chart. That shows Nifty has met resistance at this point. one consolation is it has closed above the 34Ema in daily chartdaily chart. Today Nifty may open negative at around 2860 which was low yesterday. Below which Nifty may go down to 2550 and 2500. Investors can enter into 2900 long stradle. Investors are advised to book profit at call if Nifty is unable to move up above 2960 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.