Tuesday, November 18, 2008

Nifty Update for November 19 - Inder Bhatia

The Indian market opened on a weak note and drifted lower. As the day progressed, the Nifty was not being able to sustain its small mid-session recovery and closed in the red zone. For the coming session 2640-2622 will act as a support zone. If we break 2622 it could test the 2580 zone. On the upper side 2751-2806 would act as a strong resistance zone. Market will more react on global cues.


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