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Nifty has resistance at 3000-3050: Anand Rathi

This article was posted on Dec 15, 2008 and is filed under Market Outlook

According to Anand Rathi Securities’ report, the immediate support for the Nifty will be at 2850-2800 level & the resistance @ 3000-3050 level.

Anand Rathi Securities’ report.

The immediate support for the Nifty will be at 2850-2800 level & the resistance @ 3000-3050 level. If it fails to maintain above 3060 level then it could touch 2800 in coming week. The current reversal in the market indicates accumulation and thus indicates a positive view for next week.

The candle stick pattern so formed in Nifty is a bullish candle stick indicating positive sentiment in the market. On the Weekly basis the Nifty has supports at the 2776 level followed by 2630. The resistance levels for the same are at 3006 followed by 3090.

source: Moneycontrol

Tags: calls, daytrading, free calls, intraday, tips

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