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)
Prob. Open : 176-177
High : 180- 181
Low : 167-168
Close : 170
Outlook for 3'rd March:-
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
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