MAHASEAMLESS Buy above 124 with SL 115 TGT 133
EDUCOMP - SELL below 1665 with SL 1679 for a Target 1645 >> 1555
RIL MAR FUT(BUY) 1200-1205 (Target1) 1220(Target2) 1235(Sl) 1192
AKRUTHICITY MAR FUT(SELL) below 855 (Sl) 865Target 832 >> 798
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Monday, March 02, 2009
Market View For 02/03/09
Good morning
Nifty: Resistance 2770/2807 Support 2725/2690/2660
On friday Nifty gave a good swings on both sides & finally closed -17 pts @ 2763.65. On friday GDP was announced, it was @ 5.3 % in the 3rd quarter ended December 2008 were much lower than the expected growth. It was down sharply from a GDP growth of 7.6% in the 2nd quarter . Also we have RIL-RPL merger news on cards, so alot of volatility would be witnessed in this counter, so avoid it. RPL could be hammered if any unfavourable news comes in. Eyes on 2660 on Nifty on downside. Closing below 2620 may lead to 2507 zone.
Reliance industries and reliance petroleum - swap raito to be 16:1(1 share of RIL for every 16 shares held in RPL)
Nifty: Resistance 2770/2807 Support 2725/2690/2660
On friday Nifty gave a good swings on both sides & finally closed -17 pts @ 2763.65. On friday GDP was announced, it was @ 5.3 % in the 3rd quarter ended December 2008 were much lower than the expected growth. It was down sharply from a GDP growth of 7.6% in the 2nd quarter . Also we have RIL-RPL merger news on cards, so alot of volatility would be witnessed in this counter, so avoid it. RPL could be hammered if any unfavourable news comes in. Eyes on 2660 on Nifty on downside. Closing below 2620 may lead to 2507 zone.
Reliance industries and reliance petroleum - swap raito to be 16:1(1 share of RIL for every 16 shares held in RPL)
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