NIFTY TRENDS

Tuesday, December 2, 2008

NIFTY VIEW FOR DEC 2nd

In last two posts we were mentioning that 2868 levels will be hard for nifty to cross.
Last post mentioned 2834 as resistance and nifty spot made 2833 high .
NIFTY now is has triangle support at 2630-40 but seeing global clues it can break and open below it .
Dow last day seen 8% fall as it has Rising wedge and breaking wedges always sees huge fall .

SUPPORT FOR NIFTY : 2630, 2580, 2548 most strong support that should not be broken is 2518.

ALL INTRADAY AND MARKET VIEW WILL BE MADE AVAILABLE DURING MARKET TIME .

Regards

NIFTY TRENDTEAM

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