GEPL Technical view on Nifty – 21st February 2011 (video)



Today Nifty has closed at 5458 with a massive loss of slightly higher than 1.5% comparative to its previous close. We at GEPL are of the view that a further decline up to the area of 5390-5400 where short term traders can go long with a s/l of 5310 and target of 5630.From Intraday point of view market has got good support at 5400 and 5350 while resistance is placed at 5520 and 5630(200DMA). From sectoral indices perspective in our view BSE-Metals and BSE-Banking is going to outperform the broader indices while BSE-Consumer Durables and BSE-FMCG will under perform the broader indices.


Click here to start investing now

SMS GEPL Tech to 575758 for a FREE 30 days trial of our investment ideas

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s