Wednesday, January 7, 2009

STILL MORE TO GO...

Nifty corrected in overbought market in hourly charts but the daily and weekly suggesting some more upmove. Trend is bullish as long as NF stays over 3112 with todays resistance at NF 3159- 3199. NS 3160 is the next MAJOR hurdle which needs to be overcome. Support lies at NF 3086-3063.