Nifty Levels - 30 Dec 2008

In morning whole of Asia was also trading in green so Nifty followed its asian counterparts in making merry. Nifty today shown a good upmove of around 2% and closed at 2980. Satyam, Idea , Rcom and M&M were major Nifty gainers with gains of more than 6%. Resignations of various board directors has somehow boosted investors moral with Satyam. Within last 2 sessions Satyam has shown nice upmove of more than 20%.

Today's Nifty Spot levels were
Open 2922.55
High 2999.15
Low 2899.75
Last 2979.50
Prev. 2922.20
Close
%Change 1.96%

As for tomorrow strategy Nifty again is moving in its resistance zone where it will face pressures from overhead supply . On upside Nifty will face major resistance around 3075-3090 range. Supports and resistance for NIFTY futures for tomorrow are as:

Support s1 2940 , s2 2980
Resistance r1 3030 , r2 3090