Here is your free Nifty analysis for 23-03-2009.
Nifty after 7 days rally that too in a bear market, hovered near 2800 .
It could not pass above 2836 and closed at 2808.
So we can fore see a volatile week from 23-03-2009 which is also closing week for March contracts.
Nifty will have to show strength in going above 2820 and last week high . Nifty may go above 2875 and 2900 where it will again face selling pressure.
Resistances are2816,2836,2849,2875,2897,2920,2950.
Supports are 2795,2750,2734,2715,2680,2660,2620.
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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