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Wednesday, February 24, 2010

FII BOUGHT 238 CR IN F&O
FII BOUGHT 551 CR IN CASH
DII SOLD 180 CR
SGX NIFTY CLOSED@ 4880/4836( MADE A LOW OF 4816,..IN MARCH T+1 SERIES SGX NIFTY MADE AN INTRADAY HI OF 4940 AND LOW OF 4820)
VIX-30.99
$ INDEX-80.98(AT DAYS HI)

NS VIEWS:
RES:4884-4912-4930
SUP:4835-4803-4782
TOMM NIFTY MAY OPEN WEAK AND MAY TRADE IN 4803-4884 RANGE,
SELL BELOW 4861 FOR TGTS 4835 AND 4803,BUY ABV 4877...FOR TGTS 4884 /88AND 4908/12

TOMM NIFTY MAY OPEN NEAR 4835-27 RANGE AND MAY DRIFT LOWER NEAR 4803/4798 LVLS,WHERE STRONG BUYING IS EXPECTED..
HERE BUY NF OR 4800CE WITH 20 PT STOPLOSS FOR TGTS 4835-4860-4884
IF THAT DOES NOT SUPPORT AND BREAKS THEN ANOTHER ROUND OF FALL MAY SEE NIFTY DRIFTING LOWER TO 4775-82 AND 4747-52 LEVELS..
IF 4747 IS HELD AND DOES NOT BREAK THEN EXPECT SHARP UPMOVE TO 5032-5077 IN COMING DAYS

IN INTRADAY CHARTS NIFTY IS MAKING A SYMMETRICAL TRIANGLE PATTERN WITH BREAKAWAY POINTS AT 4888 AND 4849 FOR 100 POINTS RANGE EITHER SIDE,FOR TGTS 4988 AND 4749..ABV 4930 AND BELOW 4798 NIFTY MAY SEE FAST MOVE TOWARDS RESPECTIVE TGTS.
A fine is a tax for doing wrong. A tax is a fine for doing well.

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