Friday, January 9, 2009

REVERSAL DAY

Nifty broke heavily from overbought zone .... broke supports and has gone in down trend. SATYAM's news was only a reason to correct from highly stretched zone..... its all technicals ...... Today's major resistance is NF 2987 and any upmove if now will be over NF 3063 with support at NF 2842 and 2767.