Mar 26, 2009

Nifty Intraday Levels for March 26, 2009 [Expiry Day]


Nifty is gaining strength day by day, the next expected target of january high of 3147 will we be tested. Being EXPIRY DAY, the behavior of markets are likely to be of its own without any specific pattern.
Nifty Intraday levels
Upside: Initial resistance is at 3000, if 3000 is broken it can take sharply towards 3030 which is next resistance. If 3030 is broken we can expect next resistance to come at 3055. If 3055 is broken we can expect next resistance to come at 3080 to 3090 levels.
Downside: Initial support is at 2950, if 2950 is broken next support is at 2920. If 2920 is broken next support is at 2890 to 2900.
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