Nifty In Overbought Zone

[daytradingsystem]

Nifty is now slowly heading into an overbought territory & gonna face
huge resistance in the area of 2800-2850...According to us it wont be
able to sustain above the crucial resistance of 2835...But if nifty
goes to close above 2835 then we are back on for another short term
upmove , be carefull as market may give wild swings during
weekend...Happy Trading

[daytradingsystem]

Nifty as predicted had a mighty fall from the resistance zone of
2800 , although other asian markets ended up with handsome gains...
2800-2835 zone is gonna still act as strong profit booking zone where
as 2680 will act as strong support zone.Break in either sides gonna
make atleast 100 points...Happy Trading