On global cues our market is expected to open in red. Some kind of short covering is expected in the mid session, but will not be able sustain. Traders can sell on very rise with strict stop loss.
Technically Nifty can take support at 2630and 2610 levels, below 2600 it can further weaken to 2582 levels and resistance is at 2700 and 2728 levels, and market may end in red.
In the coming days if Nifty trades below 2500, then sharp fall is expected and can touch 2210 and then 1980 levels in short term
BSE, NSE Stock Ticker, India
Monday, March 2, 2009
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