2 March 2013

NIFTY OUTLOOK AND FUTURE TIPS FOR MONDAY

Buy Hindunilvr future above 454 tg 457.80,459.90 sl 451
Sell Sesagoa future below 152.20,150.10 sl 155.90
NIFTY OUTLOOK FOR TOMORROW
Nifty  added 26 points to close at 5719. The market closed on a positive note as it seemed to digest details of the Union Budget. After major sell-off seen on Thursday, the market managed to pullback today especially in the last few trading hours. As the finance ministry issued clarification on tax residency certificates calmed nerves....
Thus, in our judgement, we should not leave money on the table from any short side trade; however, it is still not time we went long for investments. The levels to watch out for would be  5690- 5700. Next level 5740 if crossed on sustainable basis we would see more uptrend coming.
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RESISTANCE:5700 5720, 5760
SUPPORT:     5700, 5680, 5650

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