Market Outlook 20 3 Feb 2009

NIFTY  tgt given b4 expiry was 2840 and it did the same b4 crashing and again after expiry gaining to 2870+. Now it seems NIFTY is badly stuck into 2630-3140 zone. And breaking of same is very necessary for any side movement of more than 600 points, lets see when it happens.

For Today

  • Buy NIFTY above 2770 for tgt 2808-2840 and frm profit buy NIFTY 2700 put and 3000 call combined tgt is 300+

  • Renuka buy above 72.5 with sl 72  positional tgt 80-92

  • DLF stay away or sell below 155 sl 160

  • Akruti stay away

  • EDUCOMP stay away or short on rise