DOW which was flat for almost trading hours, bounced back in last hour on Federal Reserve
announcement of buying up to $300 billion in longer-term Treasuries over the next six months-which will encourage lending by lowering interest rates.
Update
NIFTY Trading Levels
Upside: Nifty has ended exactly near resistance level of 2800 at 2807. Initial resistance is at near yesterdays high of 2828 level, if 2828 is broken up next resistance may be at 2850, and even if 2850 is broken then 2875 level will be next resistance. If 2875 is broken then next resistance is at 2900.
Down side: Initial support is at 2775 if this is broken we can expect 2750 levels. 2750 is
critical support if this is broken Nifty will start down side movement ending the further
rise. If 2750 is broken next support will be at 2725 to 2700.
