Wednesday, February 11, 2009

REACTION FROM OVERBOUGHT ZONE

Nifty reacted sharply from overbought zone in hourly charts. Today's bullish level is NF 2918 with strong resistance at 2948 and support at 2888-2841-2788. There is strong support at NS 2841-2832. With DOW and Asian markets being negative , we could see a weak market today.

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