Market View

GOOD MORNING.......!!!

NIFTY LEVELS FOR THE DAY:
Resistance : 2835 - 2870 - 2905
Support : 2790 - 2755 - 2720

Nifty managed to close positive after a very choppy session the day long. only the major Indian indices managed to close positive the rest junior and sectoral indices closed in RED.
US indices advanced in the later part of the day;s trade with the better perfomance of the AUTo sector and better than expected housing data.
On the news ASIAN indices rallied in the morning trade..... We may expect a gap up opening of around 25-35 points on the NIFTY and gain more in the later part of trade... we may face good resistance at 2835 - 2870 levels on spot nifty. on the lower side we may have a suport at 2790 -2755 levels.

Please watch the levels closely and trade accordingly.

Intraday Levels & Calls

NIFTY FEB FUTURES - Levels:
Resistance: 2802 - 2828 - 2848
Support: 2777 - 2755 - 2737

BUY RELINFRA (REL)@ 521-523 sl below 510 tgt 530 >> 535 - tgt Acheived

Market View

GOOD MORNING....!!!

NIFTY levels for the day:
2855,2832,2802,2775,2744,2720,2702,2682,2670 ***

Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770).
Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witnessed.