This is a definitely an uncertain market and thus the key to making money in the market is to stick to the support and the resistances as given below in the tabular form. One has to be cautious in the times ahead of important events like budget 2010 which is being presented on 26 Feb and rail budget is being presented on 24 Feb.
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If Nifty is able to sustain above the level of 4930, one can see the levels of 5000 in Nifty. No doubt Nifty 4800 level has emerged as an important support level to be watched. Despite market closing in green, the tech indicators are bearish. Dow needs to hold above the level of 9800 to keep the global markets in a happy state. Avoid going longs irrationally in large positions and trade in specific stocks only.
Indices | Support | Resistance |
Nifty | 4850-4800-4739 | 4918-4965 |
Sensex | 16550-16000-15862 | 16469 |
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F&O tips Resultsheet
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Strong future
Titan, India Cement, Ambuja Cement, Jindal Saw, BEL, GTL Infra, Bhushan Steel, Siemens, Mphasis & Chambal Fertilisers
Weak futures
IOB, EKC, DLF, Tata Comm, Bank Of India, Recltd, Renuka, ICSA, Bajaj Hind & Bharti Airtel.
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