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Nifty Support - Resistance Levels for 9-1-09
Posted on: January 9, 2009 at 9:07 am | 43 views
US Markets ended mixed after a volatile start, and European Markets ended marginally lower.
Asian Markets opened flat to negative.
But i inspite of flat global scenario, the Satyam scam will have a major negative impact on our stock market even today. Nothing is so far clear about Satyam and its future.
FII’s are instate of panic, and you know when they get panic, what happens ???
Today market may open with some gap down, and drift further down, but then short covering can happen, any news on Satyam, of possible meger with any other company, or government intervention, can change all negative sentiments…
Better to keep away from trade, atleast for 1st hour.
The support for the Sensex is 9100 and the resistance to the up move is at 9900 - 9950
The support for the Nifty is at 2750 - 2800 and the resistance to the up move is at 3000
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