(Updated on 28-02-2012 at 07.40 AM)
Just see our post dated 23.02.2013.
We have clearly written that if Nifty spot breaks below 5820 then next
support is 5750 where market would bounce off.
Yesterday also mentioned that Nifty fut has support at 5747
and see Nifty fut dipped to 5748.10 and took U-turn
and closed at 5797.90.
Now for Today.
Union Budget for FY 2013-2014.
F&O Expiry of February’13 Series.
Minor Hurdle at 5814-5825.
Crossover above 5825 see blast up to 5850.
Hurdle at 5850-5866.
If Trades above these region then
may rally up to 5900-5960.
Once break 5788 and not crossing above 5825
then free fall up to 5770-5755 not ruled out.