The markets are currently riding on two gravity waves of high euphoria created last
week and which is destined to fizzle out exactly on 16-02-2008 when the Govt
announces its fiscal numbers and boost proposals. Until then the markets are
expected to be in celebration moods. However today the sentiments may not
be as strong and the intraday fluctuations may be wide as a cooling effect is seen
especially around morning session which may recover towards the close. Critical points of
the market are at 10.20,10.52,
11.26,12.01,12.39,13.18,13.59,14.42 and 15.26. Watch the trends at these points
and trade accordingly. Nifty likely to find support at 2911,2904,2896,2872,2864,
2833,2809,2777 etc. and resistance at
2919,2927,2935,2943,2951,2967,2982,3006,3037 etc.
These forecasts are given for general information only. All market actions will be at the
individuals own risk.
Vidyaabhaarati.
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