Angel Broking, in its market outlook, states that for Wednesday, the crucial level for the Nifty is 2972.Sustained trading above this will lead to the rally up to 3024, where profit booking is likely. If Nifty manages to surpass this resistance of 3024 then it can flare up further to 3060-3077.On the bearish note if Nifty fails to trade above 2972 it can fall to 2920 where expect a good buying interest. A sustained trading below 2920 will lead to further fall upto 2870 or even lower.
