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16 February, 2010

Nifty converged at 4800 but range is +/- 200 points

Nifty for 16-2-10 trading shows that the nifty has to be in the positive territory for today and then rises to 200 points from 4800 for this settlement. If not in the positive territory nifty falls first to the 200 points downside and rises further to this level. Nifty convergence at 4800 along with the FII data to buy side Particularly in F&O leads to higher than 4800 for this settlement.

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