Nifty Futures Dec.2009 Trading Strategy 15/02/2010
Commentary:
SENSEX closed at 16152, up 230 points and Nifty is at 4826, up 69 points
from the previous close. CNX MIDCAP index was up 0.69% and BSE
SMALLCAP index was up 0.78%. Positive news flow from RBI-interest
rates attracts buying interest in BANKING, AUTO and REALITY
SECTOR. Top gainers included JPASSOCIATE, RIL, M&M,
ICICIBANK, TATAMOTORS and UNITECH. Top losers are listed as
TATAPOWER, BHARTIARTL, HDFCBANK, BPCL, POWERGRID and
RECLTD.
NEXT SESSION……..
In the next session 4800 may act as trend deciding level in NIFTY FUT.
Sustaining below this level may again push market under selling pressure.
Sustaining above this level NIFTY FUT may test 4883-4910, high
resistance zone. AUTO and CAPITAL GOODS may attract buying interest.
Traders are suggested to be cautious of MARKET VOLATILITY.
BUY Nifty FEB-2010 Future above 4829 with stoploss above 4797 and waiting for Intraday Targets 4858 and 4885.
(Updated on 14/02/10 07:00PM)
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