>> Sunday, March 29, 2009
Last week we saw NIFTY was in a bullish mode. A good uptrend was seen.
Last week NIFTY closed at 2807 and this week at 3108 an increase of 300 points odd. A good one.
The week was followed with good global cues.
NIFTY TRIN at 1.424
Over all Nifty is mixed.
Support - 2990 and 2918
Resistance - 3140 and 3240
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)