NIFTY View

Jyoti (MD) (90 Points)

08 February 2010  
Nifty is been in the wide trading range of 4700 to 4805 as we had already mentioned in our report. Still technically it is looking weak because it is making new lows & also not sustaining at higher levels. We could see more selling pressure in nifty if it closes below 4650. We recommend that traders still should go for sell on higher levels, until it close above 4950.