Monday, March 16, 2009

Nifty Views for Monday, 16 March, 2009

On Friday, Nifty openend higher and moved in a very narrow range of 10 points before moving higher and closing at day high above 2720.

Now on Monday, Nifty is expected to open flat and again trade range bound for most part of the day. 2750-2760 is the immediate resistance that it faces and 2700-27-10 is the immediate support. Some action can be expected in the later half.

Nifty resistance at 2750-2780-2805. Support at 2710-2685-2660.

www.niftypower.webs.com

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