Support for Nifty is at 3100. This level is crucial. Below 3100 Nifty can go up to 2800. On the upside resistance is at 3450 -3500. Traders should not initiate fresh short position today and should book profit in their short positions and wait for the rallies to go short again.
Thursday, October 16, 2008
Sensex : 10391.11 -418.01 || Nifty : 3205.70 -132.70
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