Nifty resisted at the given resistance at 5298-5310.
Nifty support now at 4865-4735-4650.
And resistance at 5181-5215-5310 above which it may face resistance at 5424-5549-5670. I feel markets may move up but over enthusiasm towards the market expecting good budget and disinvestment on the cards retail investors are holding long which may lead to a sharp fall in the coming days to shake the investor’s confidence. After the rollover , nearing the first week where writing calls and puts becomes profitable markets may either go side ways or a sharp fall is not ruled out. Be careful on the long position during this period.
Dow should take support at 10065 below which it can take support at 9050-8875, Nasdaq should take support at 2150 below which it can take support at 2190-2165 and S&P 500 should take support at 1075 below which it can take support at 1075-1065.
IBSEC recommended on 131209 almost hits the 1ST target..
INDIABULLS recommended on 131209 sl hit.
STER BIO recommended on 131209 all targets hit.
ADANI POWER recommended on 131209 target hit.
NHPC recommended on 131209 marginally misses the target.
VARUN recommended on 131209 all target hit.
RCOM recommended on 51209 sl hit.
