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Market Outlook 27.02.12
Price hike in crude oil in international market, Profit taking at hgher levels and Sale of HDFC Stake by Citi Group kept market down on Friday's trade. Sensex closed at 1793.57 (-154.93), Nifty at 549.30 (-54) and Nifty future at 5493.25 (-45.75).Market may take a pasue for a couple of days, as this correction is invitable for the health of the market.
US and European markets were closed down. Asian markets opened negative today
Nifty watch for 27.02.12
Market may be volatile for the day and may find strong support in 5350-5320 levels.
Above 5513 Nifty may try to hit 5534/5550/5581 today and .......5605/5625 in coming days.
Below 5488 Nifty may go down up to 5460/5445/5433/5419/5380/5360 today