In the month of February NSE index has good support from 4804-4825 for the whole month closing below 4804 then only took minus position in nifty (posted on 1/2/10) I think this support will break on 5/02/10, heavy fall is expected.
in our view Nse index for Saturday, February 6,2010 market will open at 11:00 and close at 12:30 p.m will face Resistance at 4755. and major supports 4676,4649 and 4610. Trade zone is 4755-4676,trade zone means major trading area.
NSE index High 4827.00,Low 4692.35Close 4718.65 on 5/02/10(Friday).
fresh buying suggested above 4825. As we posted on 1st feb 4804-4825 market has broken support area expected to fall up-to 4580,4610 in the coming days.
Market can be volatile.
Market can be volatile.
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