FORECAST FOR 19-02-2009

Verify our trend forecasts with NSE Nifty CHARTs and find for yourself the
exactly matching intraday ups and downs in the market- clock technicals.
The market is on a positive trend today wherein possibility of peaktime
gains of around 60-75 points from yesterday's closing of 2775in nifty may be
expected which makes a strong resistance at 2846.Yesterday the market touched
its bottom point for the current cycle at
2736.Today a fresh wave is generated with positive signals but with a monthlong
bearish trend till 20-03-2009 and a month long uptrend in petroleum products
benefitting Reliance Industries which will minimise the falls in nifty.Today the
maintrend being poitive the effect of
the negative points will be minimal or quick bouncebacks has to be expected.
positive
/negative or mixed
+ 9.55-10.28 a.m /- 10.28-11.59
+11.19-11.45 a.m / -11.45-12.10
+ 12.10- 13.01 / -13.01-14.17 a strong peak followed
by downtrend likey.
+14.17-15.08 /-15.08-15.30

Nifty likely to get support at 2769,2763,2756,2739,2706,2669 and resistance
at 2782,2788,2795,2809,2814,2842,2846,2879.
These forecasts are given for general information only.All market actions will
be at the individual's own risk
Vidyaabhaarati.