MARKET RECOMMENDATION FOR FEB-14

                                      Market moves positively yesterday but last one hour of trade it erased all the gains. It exactly takes resistance at 5968 level. Please keep note If nifty close above then we will see 6000+ very soon. We are expecting market will be in the range of 5880-5968 upto budget. So we simply try to buy at bottom and sell at the top or sell at top and buy at bottom. Some of major firm results like SBI, Tatamotors,Lic,DLF may change the trend of the market.Already tatasteel announced their result below the expectation.
                 As per OI nifty having very massive support at 5900 level with holding of around 80lak shares.Bulls have missed this good up move but created good base now at 5900 level. So maximum we seen 5900 is a base for this serious. This serious looks good for option writers. Really they are only making profits now. If market make good base here, then we may see nifty new fresh high. Before that some of underperformed stocks & midcap have to move up. Nifty closed above 5929 is also good sign.

Nifty resistance- 5965-5973(major)
Nifty support   -  5893-5880(major) 

Our last call jpass hit target & ALBK sl hitted
 
Oriental bank  : Sell below 298 sl 301 target 
                                    will be 293,289
L & T              : Sell below 1480 sl 1492 target 
                         will be 1468,1460

PORTFOLIO ALERT

  Our portfolio holding shares are in loss now but don't worry we do some average at exact time. Please keep nifty short below 5880 on any day of this serious.
 THANKS & REGARDS
      NSEBSENOW