MARKET RECOMMENDATION FOR MARCH-05

                                Market moving as per our view only. Total market mood is now little consolidation. This process will keep in the range of 5663-5740.So every bounce near to 5740 is a sell & every downside near to 5663 is a buy for maximum of 25-30 point profit. If we consider with OI 5700 seems to be good support but 5600 put added nearly 10lak shares in OI, this may indicate market may come down & take one more bottom below or near 5600 mark. PCI (Put call ratio) of nifty now around 1, so nifty is running in consolidation mood.

   Now again dollar getting strong & Rupee seems to be weak. So this effect will reflect in our market. Rupee getting weak means, India more cheap then other countries. So FII's again push more money here only. Trader & investor please keep this in your mind before go to short because anytime market will bounce, so keep some proper sl.  Bank nifty now looking to take U turn, but still not given buy signal. Although if it create this level as a bottom then market surely bounce from here. We thought market may take another 2-3 trading session for next move. Let us wait & watch.

Nifty levels:

Nifty resistance - 5740-5745, 5777-5783 (major)
Nifty support     - 5663-5657, 5633-5625 (major)

Stock calls:

COAL INDIA : Buy above 318 sl 315 target
                      will be 322, 325
Sun pharma : Sell below 798 sl 813 target
                       will be 785,777

PORTFOLIO ALERT

  Please hold all stocks....

THANKS & REGARDS
      NSEBSENOW