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The Indian market opened on a lower note tracking weak global cues and ended in the red zone. For the coming session we could see bounces near 2740-2690. On an hourly market we are in the oversold zone and near-term support area. An upside to 2830-2870 would as as a resistance zone.Tuesday, February 17, 2009
Nifty Update for February 18 - Inder Bhatia
The Indian market opened on a lower note tracking weak global cues and ended in the red zone. For the coming session we could see bounces near 2740-2690. On an hourly market we are in the oversold zone and near-term support area. An upside to 2830-2870 would as as a resistance zone.Sunday, February 15, 2009
Nifty Update for February 16 - Inder Bhatia
The Indian market opened on a higher note and saw good buying in the afternoon session, closing with handsome gains. For the coming session we could see Nifty testing 2970-3067 levels. On the other hand 2870-2840 will act as a support zone. For any longs, 2870 would be the stop.
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