iCharts Discussions

[marthandan]

Nifty moved above 2900 as predicted earlier and found selling pressure at 2950 and settled at 2940.
Nifty having settled above 2900 and last Thursday of the month falls in this week, the bears will scramble for covering their positions and take Nifty to 3100 level.
Resistances are 2950,2960,2970,3003,3035,3056,3113,3140.
Supports are 2920,2908,2897,2880,2870,2850,2807

[marthandan]

Here is your Nifty analysis for 25-03-2009.
Nifty has closed near the day's low . Nifty has started coming down after trying to open high and go up for the fourth time.This shows bears are becoming active whenever Nifty tries to go up.
Though the Nifty had a fall from 3017 the down ward movement is arrested above 2897 region.If nifty opens below this level we may witness more down side.
Resistances are 2938,2950,2970,2980,3017.
Supports are 2900,2897,2880,2850,2807.