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Thursday, February 24, 2011

Bear: everywhere??

Today, bears are everywhere in the market, the market was totally based on the news on Crude price, inflation, and budget. But consider the background of the budget, like this is 3rd budget of the ruling govt, if they want to continue with vote bank, then this budget is most important budget, so policies are strong for various sector, as i already mentioned few blog back, some sector will perform like anything. So, concentrate on Tatamotors, Axisbank, Unitech, DLF, Suzlon, Praj Ind, Telecom sector, Pharma sector, related stock will give approximately minimum 20% increase in next few days.

Consider the fact, most of the High Network people to complete their IT bracket they are going to do the investment through mutual funds, or may be through life insurance, so huge demand will gets created, so, at this level fresh buying will come in few days. Those are long in the market, don't loose the patience, keep it as it is, and with in coming 2 weeks market will recover like anything. Those who are short in the market, be careful.

 Nifty Pivots:
P: 5309
R1, R2, R3: 5376 - 5490 - 5557 
S1, S2, S3: 5195 - 5128 - 5014

Technical Supports: 5242 - 5219 - 5177
Technical Resist: 5335 - 5408 - 5444

There are no stocks to recommend, because tomorrow also market will be more volatile. But tomorrow in the afternoon you will receive a mail for stock tips.
If you have any query please get in touch with me.

Anagha Bhave

[Technical Analyst]

Precise Analysis Pvt Ltd.
7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038

99 22 944 434

1 comment:

  1. Great site. Good Tips and Good information. Like it. Will be back to read more soon.

    Thanks for sharing.
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