MARKET SUGGESTION FOR FEB-13

                       As per our nifty view market moved well & traded in our mentioned range only. Upto Budget market never go any big correction. Nifty loose more than 200 points from the recent high. Volumes of trade came low now, this shows some consolidation. This consolidation may take one week or max two weeks. Risky trader may invest 25% of your money here because, Nifty EOD chart looks some bottom out level. So market may bounce from here. It shows bullish engulf pattern now.
                 Fibonacci retracement support is there in the range of 5883-5891 level. So closing below this level seems to be bearish  and bring to next bottom. So as of now we try to do small investment in this level seems to be good. Also some of mid cap stocks are in over sold level, so those stocks may  bounce or some consolidation will go from this level. Banknifty also seems to be move up & SBI result on 14th, If they produce good result then we may see 6000 level again.


Nifty resistance-5938-5943, 5960-5968(major)
Nifty support   - 5890-5880, 5852-5845(major)  

Allahabad bank :Buy above 150 sl 145 target 
                           will be 156,163 (Positionally)
Jp associate      :Buy above 73 sl of 71 target
                           will be 74.5,76

PORTFOLIO ALERT

  Nifty 5900 PE  sl hitted. please go short nifty below 5880 sl of 5893 target later (spot level only).
 THANKS & REGARDS
      NSEBSENOW