MARKET SUGGESTION FOR FEB-05

                              Market open gap up but not able to hold at higher level. we have seen some profit booking and closed again below 6000 mark. One more thing, that is  nifty premium was now just 9 points. Still we have more than 20days for expiry. but premium of nifty coming down.These things  gave some sell signal. We thought lots of shorts initiated.we are looking nifty below 5900 in 2-3 days. You may see nifty & bank nifty closed near our support level. All world market looking negative now.
                If nifty start fall then we are looking maximum down side would be 5815. But still FII's are pumping money in our market. So bulls last hope is now 5968-5960 level. nifty break this level & trade for 10-15 min then we may see 60-70 points very soon.

Nifty resistance-6000-6007, 6040-6046(major)
Nifty support   - 5960-5968(major), 5929-5935

RELCAPITAL target achieved hit 485

JINDAL STEEL call not activated

JAIN IRRIGATION : Sell below 71 sl 72 target 

                                will be 69.5, 68.40

REL CAPITAL         : Sell below 468 sl 474 target

                                 will be 463,459

PORTFOLIO ALERT

  Buy nifty 5900 put one lot if nifty break & hold below 5968 for 10-15 min
 THANKS & REGARDS
      NSEBSENOW