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Nifty has support at 2730-2690: Nirmal Bang

Posted on: February 20th, 2009 and is filed under Brokerage Recommendations.

According to Nirmal Bang’s report, on the downside support exist at 2730-2690.

Nirmal Bang’s report: The outlook is gloomy as the volumes are getting lower day-by-day and the bulls are finding it difficult to maintain the momentum on the higher side. If nifty sustains above 2810, then we could see huge short covering happening and the volumes picking up. The short-term target we set is 2850-2880-2920. Major up-move can emerge only above 2880. And on the downside support exist at 2730-2690. Below these levels market is unsafe.

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