Nifty had a volatile session on Friday Febraury 27th 2009.It opened with a gap down following international cues.We had a sell signal at opening at 2770,which later was confirmed further by another sell signal at 2725 at around 11 am.Nifty later went down to make a low of 2709.It was within a narrow band from 11.15 am to 1 pm.At about 1.30 pm we had a buy signal above 2722 which was further confirmed at 2.45 pm with another buy signal at 2733,which later went on to make a high of 2770.
For Monday 2nd March 2009 the crucial level to watch is 2790-2800,if nifty manages to stay above that level and close above 2790 nifty is headed for 2850.