As much expected and anticipated by the financial markets across the world the FED cut its rates by another 50 basis points indicating that the subprime crisis toll is not yet fully over and still on the way,,,,,,,,,,,,,, today being the expiry day expect the markets to remain volatile inspite of the fed rate cut as positive cues,,,,,,,,,,,,,,,,,,,,,,,,,, |
support comes in at 5140-5106-5078 and resistance comes in at 5211-5264-5306 |
Markets likely to remain weak today,,,,,,,,,,,,,,,,,, buy on dips |
INTRA=DAY CALL : SELL REL CAP FUT 1902 SL 1917 TGT 1874 |
INTRA-DAY CALL : REL CAP ACHIEVED TGT |
BUY NIFTY NOW FOR MOMENTUM WITH STOPLOSS OF 5064 FOR TARGET OF 5128-5140 |
Buy ICICI bank around 1166 stop below 1154 |
CALL FOR DAY TRADERS SELL MARUTI 830 SL 840 TRGT 810
MARKETS MOVING UP,,,,,,,,,,,,,,,
NEWS: Better to Rollover your Long Positions Of Jan Futures Contract to February Contract, as markets expected to give a break out in the upward direction after moving in a range of 5000-5300 levels in the month of February & Rel Power Refund money is to get pumped into the markets & Pre-budget rally also expected.
Buy powergrid at 105 .. target 109 .. stoploss 103.9
NIFTY,,,,,,,,,,,,,,,,,,,, 1ST TRGT REACHED,,,,,,,,,,,,,,,,,
NIFTY BOTH THE TARGETS REACHED
LIQUIDITY LIKELY TO SPURT FRESH BUYING AFTER THE REFUND FROM TOMORROW ONWARDS,,,,,,,,,,,,,,,,,,,,,,,,
NIFTY TARGET 5300 TODAY,,,,,,,,,,,,,,,,,,
Check this post for update as the day progresses
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