Here is your free Nifty analysis for 19-03-2009.
Nifty could not sustain above 2800 (touched 2836 and came down) and closed at 2795.
Resistances are 2800,2824,2840,2850,2874,2887,2890.
supports are 2786,2776,2752,2739,2714,2705,2689,2660.
Open interest and volumes are higher in the 2800 strike call option than in the put option of the same strike.But open interest in 2700,2600 and 2500 strike puts are high.This may imply that market may go below.
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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