The upper trading targets are placed at 8688-9084 (SENSEX) & 2704-2805 (NIFTY). The lower supports are placed at 7884-7840-7697 (SENSEX) & 2570-2502-2484-2410 (NIFTY). Use any rally to reduce longs and create fresh short positions.
Technical view for Monday, 9th March, 2009.
The markets witnessed a small trading bounce from close to the reaction lows of 2502 (Nifty). However, the undertone remains weak and in any technical bounce one needs to reduce longs and create shorts.
The upper trading targets are placed at 8688-9084 (SENSEX) & 2704-2805 (NIFTY).
The lower supports are placed at 7884-7840-7697 (SENSEX) & 2570-2502-2484-2410 (NIFTY).
Use any rally to reduce longs and create fresh short positions.
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