Tuesday, February 17, 2009

Market View 17-02-2009

Good Morning....!!

Nifty spot levels for the day 2905,2873,2843,2810,2796,2776,2753

Indian markets bleeded after a disappointing budget from the acting finance minister Mr Pranav Mukherjee... The sell off came after the interim budget announced in theparliament and the BSE Sensex recorded a fall of 300 points and the Nifty closed around 99 points down.

Asian markets are in deep red and the cues from their side isNEGATIVE.

Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today but may see a recovery in the later part of the day if the Nifty sustains the 2776 level which we see as a good support .We see pressure coming in Metal stocks as the metal commodities gaveup the gains which they posted in the last one week.

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