SUPPORT HELD

Nifty held on to its level of 2860 below 2900 and we closed for the second day over that level.RIL again came to the support and in late trade made impressive move.We have completed 7 days of positive trade and people who are short must be having a harrowing time seeing the market run up so fast and the falls so shallow..the range now is 2860-2940 app. Any break out will take markets 60-80 points quickly in that direction..Trade light and with caution...Cheers.