Nifty resistance seen at 2850-2900 levels

Redemption–based selling pressure has abated now. Incremental flows at FII desk are marginally positive. Domestic institutions are still sitting on the sidelines. Nifty resistance band is seen at 2850-2900 levels.
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Home » News » Markets » MARKET OUTLOOK

Dec 10, 2008, 02.56 PM | Source: CNBC-TV18

Nifty resistance seen at 2850-2900 levels

Redemption–based selling pressure has abated now. Incremental flows at FII desk are marginally positive. Domestic institutions are still sitting on the sidelines. Nifty resistance band is seen at 2850-2900 levels.

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Nifty resistance seen at 2850-2900 levels

Redemption–based selling pressure has abated now. Incremental flows at FII desk are marginally positive. Domestic institutions are still sitting on the sidelines. Nifty resistance band is seen at 2850-2900 levels.

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Here is a verbatim transcript of Varinder Bansal’s comments on CNBC-TV18. Also watch the accompanying video.

Redemption–based selling pressure has abated now. Incremental flows at FII desk are marginally positive.

However, sentiment remains cautions and there is no major buying happening. Domestic institutions are still sitting on the sidelines. Nifty resistance band is seen at 2850-2900 levels.

Tags  Hitesh Joshi
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Nifty resistance seen at 2850-2900 levels

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