Monday, March 2, 2009

Nifty Pivot for 3rd March 09

Nifty Pivot :
----S2-----------S1-------------Pivot-----------R1------------R2----
2631.80-----2653.15------2680.90------2702.25-----2730.00

Dow Pivot :
----S2-----------S1-------------Pivot-----------R1------------R2----
6555.36-----6659.32------6859.14------6963.10-----7162.92

FTSE Pviot :
----S2-----------S1-------------Pivot-----------R1------------R2----
3489.66-----3557.74------3693.92------3762.00-----3898.18
-----------------------------------------------------------------------

Nifty has crossed level of S2-2681. The last critical level is "2650-2660". Below that more falls can be expected.
Important Points :
  • 2,700 CE adds OI of 1.18 million shares
  • Nifty has built up resistance at 2,700
  • Nifty to trade below 2,500 in coming days