Tuesday, 26 February 2013

MARKET VIEW FOR FEB-26

                               Due to some internal work we unable to post our views here for last 3-4 days. Here after we will start our postings regularly sorry for the inconvenience. Let us see our market levels now....Nifty trading now in CAT ON THE WALL stage. We already said that Market closing below 5880 will be very weak. See now, nifty trying too hard to move above that level.Maximum nifty may test 5815-5800 zone.Risky traders may try to buy near this level with sl of 5797. Below this level we may see free fall.
                   If we consider about OI, 5800 is giving now good support. Still we have 2-3 days for this serious, So we don't thing nifty will break 5800 level But we have railway budget & union budget are coming at the neg of this serious. So anything may happen.Mostly high volatile may expect. Maximum risky traders please try to do in nifty option for next 2-3 days.Bank nifty also broke psychological level of 12000 mark in intraday. So becareful for longs. Still bulls only hope is FII's. Because lot's of news & announcement are expected in this union budget. let us wait & watch.....

Nifty resistance- 5860-5870, 5893-5904(major)
Nifty support   -  5815-5800 (major)
 


Please try to do nifty option's for next 2-3 trading sessions.

PORTFOLIO ALERT
  Please hold all stocks....

THANKS & REGARDS
      NSEBSENOW