Friday, December 12, 2008

Nifty has support at 2830-2850: Reliance Money

According to Reliance Money's Morning Notes, as for today's trade indices continue to see strong hurdle around levels of 3000 with support around levels of 2830-2850 range.

Reliance Money's Morning Notes:

Last hour of value buying helped indices to recover most of the early losses. Both volumes and market breadth remained in favor of BULLS. As for today's trade indices continue to see strong hurdle around levels of 3000 with support around levels of 2830-2850 range. Being last session of the week, we may observe a secular trend through the session. Global indices may hold important key in deciding further course of action.

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