Nifty started on a negative note on 2 Feb, 2009 and continued its downward slide throughout the day breaking an important support level of 2800.
Now having closed below 2800, it has given bearish signal which will be reversed only if we close above 2800 today. For intraday, one may buy on dips or buy above 2765 (spot). Good support exists for Nifty at 2720-2710 which is expected to hold for today.
Expect a rangebound session for most part of the day with some action only in the later half. Nifty resistance at 2800-2820-2850. Support at 2760-2720-2690.
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