Friday, February 6, 2009

Nifty Views for 6 Feb, 09

Nifty looked to test the lower range on Thursday but in the end, again ended the day almost on a flat note.

On Friday Nifty is expected to open on a positive note. Traders should look to buy on dips as long as it remains above 2800. Expect a test of 2850 if it trades above 2820 for some time.

This is an intraday players market. Just look for buying near support levels and selling near resistance levels. For Friday, Nifty resistance at 2800- 2820- 2845- 2875. Support at 2785-2750-2725-2700.

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