Friday, January 23, 2009

NEARING SUPPORT LEVELS...

Nifty charts are showing positive divergence and could give some bounce . Today's pivot is Nf 2691 with resistance at 2708-2724 and support at 2675-2659. NF has to trade over 2712 for target of 2744-2759 and will be weak below 2679. However, it is making lower highs and lower lows daily..... yesterday's high of NS 2744 needs to be crossed decisively and should not break 2700.

No comments: