Friday, 15 February 2013

WEEK END SUGGESTION FOR FEB-15

                         Market Stay now in danger zone, Near by our extraordinary support zone of 5890-5880. Last 2 weeks nifty taking breath here, Once nifty break this level then fall will be more. So be careful. If nifty break here then next support will be around 5815-5835. 20 Week moving average is there at 5835. Lot of stocks are now in oversold level,suppose if it stay in this zone for some time then trend reversal may start, that will bring the market to more downside. Some of heavy weight stocks Q3 results are looking some what worst.
              As per EOD chart of nifty shows almost close to evening star pattern. So below 5880 fall will be more. Friday effect also may add in this flow. Just go short any stocks below 5880, we will make good profit. bank nifty also seems tobe weak now.Banknifty having good support at 12200 level.Lot of banks looking for profit booking mood. So try to short bank stocks for intraday.

Nifty resistance- 5925-5929, 5950-5960(major)
Nifty support   -  5880-5875, 5835-5815(major)


Our last call oriental & LT both hit target

Short any stock below 5880 level or buy any stock with max sl of 5875. Lot of stocks are now weak only.

PORTFOLIO ALERT
  Keep go short below 5880 with sl of 5899 (spot)
 THANKS & REGARDS
      NSEBSENOW