Trading Levels and News

 NIFTY future

 Resistance :  2738  , 2764  , 2799

 Support :  2705,  2689,  2666

BUY DLF @198.50 sl 193 tgt 205 >> 209

BUY RELINFRA @494 stop-loss 469 target 505 / 513 / 527 /539...

Buy in cash small qty...time frame 1 to 3 days..

Inflation data for this week is as follows:                                                                                         

The benchmark figure for this week is 5.24% as compared to 5.91% last week.

Market view

Good morning

we may open a gapdown of around 70 points on nifty

US markets fell sharply as worries about more credit losses in the banking sector and the earnings season weighed on stocks. Financials led declines, Citigroup fell 23%. In other losers, Apple plunged on news that CEO Steve Jobs will take a medical leave of absence through the end of June. In stocks in news, North America's biggest telephone equipment maker Nortel files for bankruptcy protection. A dismal picture was seen on the economic front with retail sales dropping 2.7% in December and import and export prices falling for fifth straight month.

 The Dow fell 248.42 points, or 2.94%, to 8,200.14. The S&P 500 plunged 29.17 points, or 3.35%, to 842.62. The Nasdaq composite index declined 56.82 points, or 3.67%, to 1,489.64

today spot level for nifty can be 2810,2799,2778,2721,2694

watch out for the levels and trade......

HAPPY TRADING.........!!!