NIFTY, STOCK RECOMMENDATION FOR FEB-08

                                         Last two days we unable to post views here, sorry for inconvenience. Anyway market moving as per our view only. We already told here that is market weak below 5968. Now market closed below 5968 for last 3 consecutive segment. So very soon we meet 5815 level, Because market now technically weak as well as sentiments are going negatively. As per Open interest nifty having little support at 5900 level but we don't thing nifty will take support there. We need some correction for healthy up move.
                     We thought nifty might fall freely below 5960, but it doing like Slow poison. Also Banknifty we said that below 12500 we may see 12000, now it came near 12300 very soon it will come down below or near by 12000.Don't go any fresh buy now, if anyone holding anything in profit please consider your profits here. Market falling down but still fii's pushing more money here. So they may indirectly hedge their holdings by using options.Now bears took the market in their control. Let us wait & watch where it will go???If market close below 5929 will be danger.

Nifty resistance-5968-5980, 6000-6007(major)
Nifty support   - 5920-5929, 5888-5893(major)

Our last calls relcapital & jain irrigation hit all targets.

Yesbank    : Sell below 504 sl 510 target

                   will be 499,494

Rpower     :Sell below 86 sl 87.5 target 

                 will be 84.2, 83

PORTFOLIO ALERT

  Nifty 5900 put activated at 48. keep hold, Once it cross 77 then put sl at 57.
 THANKS & REGARDS
      NSEBSENOW