Nifty Levels - 29 Dec 2008

Nifty today opened in red & traded 1.5% down but ended day on a positive note up more than 2% because of anticipation of new stimulus package from govt. SAIL and SATYAM helped Nifty a lot with both moving around 10% up in the day. RANBAXY , CAIRN and ICICIBANK were other major movers , all moving around 7%.

Today's Nifty Spot levels are as:

Open 2857.15
High 2931.80
Low 2812.90
Last 2922.20
Prev. 2857.25
Close
%Change 2.27%

As mentioned in Friday's post Nifty took support around 2820 levels to bounce and breach second resistance level of 2930 but ended close to it at 2922. For tomorrow Nifty has the following supports and resistance levels:

Support s1 2880, s2 2850
Resistance r1 2963, r2 2995

For tomorrow market seem to be indecisive. Oil rose near $40 a barrel Monday after the conflict between Israel and Gaza's Hamas rulers raised tensions in the Middle East. This global crisis can affect Indian and world markets. At the time of writing post DOW was trading in red . I hope Dow to fall further if any bad news come from Israel front. This can affect Indian markets also tomorrow.