27 Feb 2008 8.00 am
In the line with global buying support in equity markets, our market also have done a bull rally. If the market can sustain above 5250-5260 zone in Nifty, next target is 5300. After that 5340 is an another resistance level. Some profit taking can be seen at higher levels (5340-5400). Below 5250, Nifty has immediate support at 5220.
Global markets are continuing the uptrend. Dow Jones added 114 points. All Asian markets are trading in positive mood. Today morning, Nikkei is up by 191 points and Hangseng gained 600 points.
FIIS were sellers in equity market for 31 crores. DIIs bought for 511 crores.
Nifty February 2008 futures were at 5259.35, at a discount of 10.7 points as compared to spot closing of 5270.05.
The NSE's futures & options (F&O) segment turnover was Rs 56,515.69 crore, which was higher than Rs 51,314.54 crore on Monday, 25 February 2008.
Market breadth was positive. NSE advances:declines is 819:355
Crude oil at NYMEX hits a record high, touched $ 101.06 and closed at $ 100.88
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Hot Picks
Buy JAIPRAKASH ASSOCIATES
The stock has a support at 260 and strong support at 250 level. In a short term the counter has momentum to move up to 280 and 295 levels
Buy ADLABS FILMS
Adlabs films completed the correction at 840. Momentum indicator are giving buy signals in charts. The stock may move near to 1000 mark.
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Exact entry and exit levels are given to clients only
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5250 is critical for Nifty Today, Uptrend may continue
In the line with global buying support in equity markets, our market also have done a bull rally. If the market can sustain above 5250-5260 zone in Nifty, next target is 5300. After that 5340 is an another resistance level. Some profit taking can be seen at higher levels (5340-5400). Below 5250, Nifty has immediate support at 5220.
Global markets are continuing the uptrend. Dow Jones added 114 points. All Asian markets are trading in positive mood. Today morning, Nikkei is up by 191 points and Hangseng gained 600 points.
FIIS were sellers in equity market for 31 crores. DIIs bought for 511 crores.
Nifty February 2008 futures were at 5259.35, at a discount of 10.7 points as compared to spot closing of 5270.05.
The NSE's futures & options (F&O) segment turnover was Rs 56,515.69 crore, which was higher than Rs 51,314.54 crore on Monday, 25 February 2008.
Market breadth was positive. NSE advances:declines is 819:355
Crude oil at NYMEX hits a record high, touched $ 101.06 and closed at $ 100.88
********************************
Hot Picks
Buy JAIPRAKASH ASSOCIATES
The stock has a support at 260 and strong support at 250 level. In a short term the counter has momentum to move up to 280 and 295 levels
Buy ADLABS FILMS
Adlabs films completed the correction at 840. Momentum indicator are giving buy signals in charts. The stock may move near to 1000 mark.
_________________________________
Exact entry and exit levels are given to clients only
_________________________________