NIFTY:
Resistance 2929 - 2956 - 2990 - 3005 - 3028
Support 2898 - 2872 - 2850 - 2828
View: Nifty in the yesterday's bounced from lower support zone & closed with good gains. Again look out for 2990/3005 for upside resistance. Positional shorters may consider it as Sl for there short positions. Dow closed marginally red.Asian market trading up with 0.50%-1% gain. We may open positive & will face resistance at 2956-2990 zone on upside & 2882 will offer good support on downside.
Buying Seen in the Banking sector along with the ancillary auto and realestate sectors as a good boost is expected to be announced in the 2nd Fiscal Stimulas Package by the Government of India ..... keep a buying with the days lows as stop loss in the said sector stocks ...
The premium stocks to watch are
SBIN - AXIS BANK - ICICIBANK - HDFC - JPASSOCIATES - HDIL - TVSMOTORS - LICHOUSINGFIN - IBREALEST - PURVA - DEWANHOUSING .........
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