Market info and data

The IIP ( Index of industrial Production) numbers for the month of December 2008 have been announced.The growth rate was recorded at -2.0% for December 2008 , as against 2.4% announced for

Inflation data for this week is as follows: The benchmark figure for this week is 4.39% as compared to 5.07% last week.

intraday calls

LT looks good for intraday trading .... watchout for today .... 680 >> 695 >>702 on the higher side and 671 >> 659 >> 640 on the lower side

Nifty Future Levels:
Resistance:2918 - 2936 - 2948
Support: 2844 - 2868 - 2850

MArket VIew

Good MOrning .......!!!

Nifty: Resistance 2925/2990 / 3012
Support 2900/2880/2850

Nifty exactly did as we said yesterday. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat. Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925 (closing basis) Nifty looks good for 2990-3012 zone

Markets likely to open weak. Nifty has good support at 2870. We expect markets toclose in green today . The issues one have to watch out today are then inflation data and IIP numbers . We see inflation coming down to4.03% . This would go as good news going forward. The Govt also announced on the issues regarding FDI policy which is positive news asa whole.

We expect markets today behave on news specific. Investors can go long with view of 2-3 trading sessions