17-12-2008 Views

Hi, Nifty is in buy mode. But it has to cross 3060 initially to continue its upward journey. Nifty has resistance at3148 region then at 3160. Above this level Nifty may go up to 3200. Nifty has support at 2940 then at 2900 level, below which support is 2860 which is very important level. People who are long in nifty future can hedge their holding by selling 3000 call option matching to their holding. 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.