5-01-2009 Views

Dear Viewers, Nifty has just touched the 55ema of 3 months chart and closed at 3047. Nifty has resistance at 3070 level and above which it may face resistance at 3100.Above 3100 Nifty may go to 3200 and 3250.It has to move above 3250 very strongly to reach further. Below 3047 it has the support of 2930,2920. If nifty stays above 2920 only further upside will be seen.Below 2920 we can see Nifty at 2880,2860 and 2800. 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.