Thursday, November 27, 2008

Nifty- 2950 likely!!



The Nifty rallied yesterday (Wed) to close positively at 2752 points. While every day is a new day for the markets nowadays, the daily chart suggests some possibility of an upward break of 2800 which should lead us to near 2950+.

Support remains at 2630 for now and unless that is broken the above targets should hold.

CA Rajiv D Khatlawala
Head of Research and Training
Jhaveri Securities

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