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Market Outlook 15.02.12
A correction is very much due for the market and it is stretching at its most now. Sensex closed at 17848.57 (+75.73) and Nifty were at 5416.06 (+25.85).It was a quite volatile session but market managed to rally smartly for the last hour of trade. L&T, ICICI Bank, SBIN etc helped in the rally.
US markets closed in green except S&P 500. European markets closed down. Asian Markets opened in green today.
Nifty watch for 15.02.12
Nifty may open gap up today. Nifty may be volatile for the day. There may be a breakout today. Nifty may try hit 5510-5534 But the resistance of 5500 will be very though.
Above 5475 Nifty may try to hit 5495/5503/5513 today.
Below 5416 Nifty may go down up to 5395/5373/5345
