Friday, January 02, 2009


In the last weeks blog i have mentioned that the Nifty is in the Bullish trend and it will find support at the lower trendline and resistace at the above trendline. On Monday Nifty bounced back from the low of 2812 and on Friday made a high of the week at 3079, near to the above trendline. Breakout through the above trendline and few close above that can take the Nifty to 3150-3200-3400 levels also. Not much was provided in the Stimuls package, and the same had been factored in the last week.

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