Nifty is expected to open in the negative in line with global cues. Intraday players will not get the opportunity to sell because of gap up opening. Stop Loss for any short position should be 3255 today. Good support for Nifty exists at 3150-3165 range. Below 3150, nifty may try to fill the gap it left behind between 3060 to 3155. Positional traders should exit their longs if Nifty gives a close below 3160 today.
Nifty Resistance at 3255-3275-3305-3345. Support at 3205-3185-3165-3125
www.niftypower.webs.com
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