(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/nifty-may-open-firm-and-move-upward-due-to-short-covering/)
Nifty may open firm and move upward due to short covering

Due to measures taken by Indian govt FIIs turned net buyers in cash and derivative segment.

But in a rally DIIs turned Sellers and it looks that Nifty may range bound

Nifty Future ( Intra Day )

For today’s trading 2812 is the resistance level for Nifty

Above 2812 Nifty may move up to 2857 and 2880

Down side Nifty may take support at 2745 and 2712

Source : mumbaisharetips.com