Thursday, November 20, 2008

Nifty Update for November 21 - Inder Bhatia

The Indian market opened on weak global cues and drifted lower. As the day progressed, it saw some pullback in the last session but closed in the red zone. On the daily charts, Nifty has made a DOJI. If we open gap-up we could test 2722 but it has to cross 2635. On the lower side, 2520 will act as a support zone. If we open flat we may see a narrow range but we can get the 2.30 action. On the upside 2634 is the main zone. For any longs today's lows will be the stoploss .

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