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Chennai, Tamil nadu, India

Tuesday 6 January 2009

6-01-2009 Views

Dear viewers,

Nifty has overcome the resistance of 3070 and went up .It had minor resistance at 3090 region . Then had a minor resistance near 3100 (3099) and went up to 3131.95 and closed at 3121.45.

S&P CNX NIFTY
Prev CL Open High Low Close Change
3046.75 3058.75 3131.95 3056.45 3121.45

Today Nifty may open down around 3040 and fill small gap of 3047 to yesterday's open.Even if Nifty opens normally or up this region of 3047 to 3060 will prove the support.

Nifty has to stay above 3020 which is two days low,then Nifty will go up and face resistance at 3160 region beyond this Nifty may touch the recent high of 3240. Further up will be only after closing above 3240.

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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