In our view Budget is high inflationary so NSE index for Tuesday,March 2,2010 will face Resistance at 4954,4980,5024 and major supports 4856,4830. Trade zone is 4924-4856,trade zone means major trading area.
Don't buy anything till market closes above 5000.
NSE index High 4992.00,Low 4858.45 Close 4922.30 on 26/02/10(Friday).
Market will be very volatile. If NSE index close below 4830 then market will drag up-to 4550 in coming days,be cautious.
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Monday, March 1, 2010
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