MARKET VIEW FOR JAN-30

                             Dear all RBI announced their monetary policy By cut repo 25bps & CRR 25bps. Repo rate as expected one but CRR cut not on card but they announced like a bonus offer. If They announced without CRR cut, market might felled heavily.Due to addition of CRR cut was managed the market above 6046 level. If any close below 6046 market may get fear that will bring towards 5900 level. as of now responsible bulls took necessary steps on lower level.Let us see howlong bulls will save the market???
                 DII's are still not participated in this rally yet, they always looking to take their money out. If u check last 2 month they continuously sell off their holding. Suppose they give support or at least stay as a idle then we may see new high otherwise we never hit new high. Already we said here that, market whether move up or down but desiring persons would be an Indians not FII's. Now dii's have to take decision whether stay as a bears or change their attitude & push the market on top level.Our nifty support & resistance levels are very accurately working.    

Nifty resistance-6080-6085, 6112-6126 (major)
Nifty support   - 6046-6040, 6007-5996 (major)
  
  BHEL     : Buy near 222 sl 218 target 
                 will be 228, 231
  BIOCON : Sell near 282 sl 286 target
                 will be 277, 274 

PORTFOLIO ALERT

      No update now....

THANKS & REGARDS
      NSEBSENOW