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Market Outlook 10.02.12
With the help of Metal, Reality, Banking and Auto Sector Shares Indian market made significant gain yesterday, in the last hour of trade and Nifty closed its psychologically imporatant level of 5400. Sensex closed in 17830.75 (+123.43) and Nifty were at 5412.35 (+44.20). US closed in Green & European markets were also up except FTSE100. Asian Markets opened mixed today.
Nifty watch for 10.02.12
Nifty may open gap down today. Nifty may be volatile for the day.
Indian Market is now in highly overbouht position and a correction is good for the health of the market. No fresh long positions now please.
Above 5463 Nifty may try to hit 5499/5513/5535 today.
Below 5419 Nifty may go down up to 5400/5393/5379
