Market view for the week 9-13February

As told you all last week, Nifty break the lower range of 2775,and took support almost from 2730 level, and then rebounded back. We hope you all must be getting benefited with the highly accurate analysis provided to you all, by the Team EAIB Securities. All stocks suggested by us for weekly gains..... Voltamp Transformer,Oracle Financial, L&T, SBI, ABAN, gave massive gains in few days. All members minted huge money with the money minting calls.

We are witnessing that there is a fight going on between the bulls & the bears to take the charge,and result coming out is that both taking charge for some time ,but none able to take charge completely. This week we can see Nifty taking support at 2775 level, if this level is not breached then Nifty will face resistance at levels 2890-2930. These levels will be the major resistance levels for Nifty,any closing above 2930 level can lead nifty to 3010 level.However as recommended last week also, any upside above 2930 level must be taken as an opportunity for booking profits in long positions and not for buying at those levels.Nifty range for this week will be again 2775-2930,breakout on eitherside will lead to sharp movement.

Nifty levels
Resistance-2890-2930-2965-2998-3010
Support-2815-2775-2730-2685-2620

Stocks for the week-
ACC
Glenmark Pharma
HCL Tech
Hotel Leela

*Note- Keep booking profits in all stocks at every rise,and keep trailing stoploss while waiting for higher levels.

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