Nifty has again formed a narrow range and is now moving between 2880 and 2960. Breakout above or below can show swift movement. However, fresh shorts and selling pressure cn be seen near 2955-2960 levels.
For Friday, traders may buy on any dip till 2900-2880 and sell on rise to 2925-2930. Risky can also short at higher levels near 2950-2960 with a stop loss at 2975 Spot.
Nifty Resistance at 2905-2925-2955-2980. Support at 2890-2875-2855-2820.
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