Monday, February 22, 2010

Pre Budget Rally on cards..

Watch out for Nifty Levels of 4965, if this is convincingly breached, we can have a pre budget Target of 5000-5050 levels. However, Nifty is facing stiff resistance around 4930 and next resistance being 4950.
On the downside, if Nifty is going to close below 4830, it is going to be a definite bearish sign.
Hence buy only on Nifty crossing 4960.

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