Nifty: Resistance 5336/5354/5366/5385-5391/5413
Support 5295/5270/5252/5238/5225
Nifty ended on positive note. Nifty has immediate resistance @ 5336... if sustains above this level, Nifty may see some upside till 5354-5366+. On lower side, sustaining below 5295, Nifty turns weak for some slide. Watch 5252 & 5225 levels on down side as support for the day. Below this, Nifty turns more weak. Traders are recommended to refer to our 10th Feb chart for some guidance.
Two big events scheduled for Today – Union Budget 2011-12 and Q3FY11 (Oct-Dec) GDP figures will set the tone for the markets going ahead. So we would advise traders to avoid trading today during Budget speech.
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