Nifty will Open with Flat to positive Gap up effect. Nifty Looks vary Strong as Global Markets also trade in green. We are forecasting nifty to touch 2780 but it will face some resistance around 2750. After opening in Gap up there is nothing to trade today. 2800,2820 is strong Resistance for short term. Mkt will be choppy or range bound so wait for nifty reach 2820, we will short it there tomorrow.
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Tata Steel ADVANCE SCIENTIFIC Chart 16'th March 2009 :-
(We are forecasting to happen during the Market Trading Hours)
After opening in gapup effect we see profit booking in Tata Steel. After initial profit booking it will start moving up. We are forecasting Tata Steel to open 167-168.70 level, Profit booking will take it to 164-165 level. Tatasteel will again make upward journey upto 170-171 close around 165-166 level. Agreesive trader can STBT in Tata Steel after cheking Chart of 17'th March.Tata Steel ADVANCE SCIENTIFIC Chart 17'th March 2009 :-
(We are forecasting to happen during the Market Trading Hours)
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