Nifty View for the week 23-27Februray

Last week our Interim budget predictions and market view turned out to be 100% accurate once again. As told after breaking 2860 level,nifty crashed from there. The major reason for the downfall of market was disappointment from the interim budget and overall negative global cues.US markets fell sharply & Dow broke its important support of 7500 and closed around 6 years low.
Our commodity call of gold blasting day by day,we clearly told you all at 13456 level,that watch one side moe on gold,and see the result now, gold 16500 almost. Calculate the amount of profit in few days. We always say follow the best,leave the rest. All other analysts were bearish on gold at 13500 levels,only we were bullish on gold and gave targets of 15500-16400 on gold, and now you all can see who was right. Those who shorted got trapped badly in gold. Our other calls of Crude & silver also rockedddd the market and minted huge money for our PREMIUM MEMBERS.

In the current market there is a fight between the bulls n bears. For bulls last hope is support level of 2665 and for bears last hope is resistance levels of 2880. Crossover on either side will decide the winner. Market may remain weak in the near term as sentiment remains dicy on concerns of a slowing domestic economy and weak global markets.

This is last week of F&O, and thus we may see heavy volatility for next few trading sessions with stock specific movement. Inflation is now at one years low & for bulls some favorable news may come in form of RBI's CRR & REPO rate cut and Govt's special package to reality and export industry, however bad global sentiments & slowing growth rates good news can be discounted.

For this week Nifty will face major support at 2665 and major resitance at 2880. However intermediate resistances on nifty will also plat vital role in deciding the trend,these levels are 2780-2830. Nifty range for this wek will be 2660-2880,breakout on eitherside can lead to sharp movement. On upside 2820-2880 can act as trend reversal levels for nifty. So stay cautious and trade with high appropriate hedging.

Nifty levels-

Resistance-2770-2798-2830-2865-2880

Support-2700-2665-2635-2580-2510

Stocks for the week-

Ultratech cement

Voltamp Transformer

Rajesh Export

Mercator lines

===================================
To know the exact entry-exit levels for trading in stocks/Nifty future, Join our PREMIUM SERVICE, and start minting money from share market.
Contact at- 09935466303