Nifty had an extremely volatile session within the range of 2920 and 2995. Finally it managed to close at the upper end od the range on Wednesday.
Now on Thursday, Nifty is expected to have a flat opening and it should try to test the resistance of 3020-3025 for the third time. Intraday traders can look to short as near to this level as poosible with stoploss above 3025. On the downside, Nifty has support at 2945 and 2915. One can also buy within this range if there is any kind of sell off in Nifty intraday.
Nifty Resistance at 3020-3055-3095. Support at 2980-2945-2910.
www.niftypower.webs.com
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