In our view Nse index for Monday,February 22,2010 market will face Resistance at 4927,4965. and major supports are between 4843-4863 which we had posted on 19/2/2010. Trade zone is 4843-4927,trade zone means major trading area.
ON Wednesday 10/2/2010, we written in our post that market will touch 4841 very soon the target has achieved on Thursday(11/2). On Monday(15/2) we written in our blog that for the week NSE index will face resistance between 4840-4878,this is hit on 16/2.
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below figures posted on 19/2Minus position only closing below 4843 but the market closed on 4844.90
NSE index High 4887.30,Low 4805.55 Close 4844.90 on 19/02/10(Friday).
Market will be range-bound.
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Monday, February 22, 2010
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