MARKET VIEW FOR FEB-4

                              All world markets are making new high but our market struggling to move up. We already said here that  rupee getting strong will impact on equity market. See now market lose more than 100points from recent high. Now market's only hope is FII's, If they do their process well as a bulls then nifty may go up. But $vs Rupee have to keep above 53. otherwise no one can save the market.
                    Now banknifty also seems to be weak.if any close below 12500 will bring to 12000 level very soon. so keep on your eyes in that. Nifty having good support at 5968-5960 zone, if it break this level then we may see 5800 level also. Now market looking for union budget, So next 2 months it may go range bound. Market highly bullish only above 6112 upto that do light quantity.

Nifty resistance-6020, 6040-6046(major)
Nifty support   - 5980, 5960-5968 (major)

RELCAPITAL   :Buy above 477 sl 473 target

                      will be 482,486

JINDAL STEEL :Sell below 413 sl 417 target

                       will be 408, 404

PORTFOLIO ALERT

      No update now....
 THANKS & REGARDS
      NSEBSENOW