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Sunday, March 1, 2009

Dear Viewers,
Nifty Short term Outlook:---
We Expect Nifty to touch 2370 after breaking 2670, & 2550. Trader should not make portfolio based buying until close above 2870 & 2950. Nifty made a low of 2680 but could not brake 2670.


Outlook for 2'nd March:-
Tata Steel looks range bound on 2'nd March 2009. Tata Steel gave a excellent result on Friday. Delivery based buying (Short covering) may continue on Monday & Tuesday. Tata Steel will not clear its resistance of 187-191. In noon Tata Steel will loose its momentum on profit booking. Tata Steel may close with red sign (Negative Zone). Trader can short Tisco Future for STBT trade as we expect weak opening on Tuesday 3'rd March.

Tata Steel ADVANCE SCIENTIFIC Chart 2'nd March 2009 :-
(We are expecting this to happen 2'nd March 2009 during the Market Trading Hours)

Tata Steel Pre. Close : 173.8 (27'th Feb 2009)
Prob. Open : 176-177
High : 180- 181
Low : 167-168
Close : 170



Outlook for 3'rd March:-
Tata Steel will open in negative zone as asian & global market looks weak. After weak opening Tata Steel will reacover itself in late trading. it has support around 163-165. Tata Steel may close with Blue Sign (Positive Zone). Trader should cover its short position at noon.

Tata Steel ADVANCE SCIENTIFIC Chart 3'rd March 2009 :-
(We are expecting this to happen 3'rd March 2009 during the Market Trading Hours)

Tata Steel Pre. Close : 170-171 (2'nd March 2009)
Prob. Open : 168-169
High : 177- 178
Low : 163-164
Close : 174



Some of the interesting Chart patterns for you........ If you are not able to see pictures clearly then save them in your computer or open the picture in new window.
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