The market remained in the bear hug on 03-02-2009 as was indicated. A minor bull
wave was in operation till 14.35 -14.57 when the momentum changed leading to heavy selling
as was forecast by us. On 04.03.09 the market continues to be in bear hug but beware as positive waves are also created and on the practical plane
quiet investment buying is emerging at lower levels ! From the october 2008 low
levels of 7697 and 2252 the sensex at 8390 and nifty at 2672 are just a stride away only!
Momentum changes of the market may be noticed at 10.14,10.57,14.09 etc.
Nifty futures likely to get support at 2582,2574,2566,2558,2542,2525,2502,2470,2252 etc.
and face resistance at 2598,2607, 2615, 2639, 2646,2679,2702,2734 etc.
These forecasts are given for general information only. All market actions will be at the risk
of the individuals.
Vidyabhaarati.
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