S2 S1 Pivot R1 R2
2765.95 2843.55 2890.20 2967.80 3014.45
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Resistance above 2,980
The market is expected to open on a weak on Monday on weak global cues.
Traders were seen writing 2,700 and 2,800 puts and covering their shorts at 3,000 call. This suggests that the Nifty has strong support at 2,700-2,800 and can move above the 3,000-mark. Also, traders were seen unwinding 3,100 strike call, indicating that the index has the capacity to move beyond 3,100 once it closes above 3,000.Nifty futures witnessed strong buying support below 2,850, while profit booking was seen above 2,900.
