Mktviews Weekly Nifty Analysis (21/02/2011-25/02/2011)
Expect Tremendous Volataility due to FnO Expiry on 24th Feb & Built-Up to the upcoming Union Budget on 28th Feb.
All attempts of Pullbacks are embraced with Huge Selling Pressure at all rises indicating Saturation & Weakness in Nifty's Momentum
All attempts of Pullbacks are embraced with Huge Selling Pressure at all rises indicating Saturation & Weakness in Nifty's Momentum
Going Forward,
Nifty Fut will face stiff resistance at 5531-5549 levels crossing & sustaining above which further Momentum would lead to 5634 & 5719.
Nifty Fut will face stiff resistance at 5531-5549 levels crossing & sustaining above which further Momentum would lead to 5634 & 5719.
But, If fails to cross & sustain abv 5549, Will be in a trading range 5335-5549.
Strong support lies at 5337-5341.
If it breaks & closes below 5335, it may touch 5218 & 5089. Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
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Regards,
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Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
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Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Disclaimer :
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
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