Tuesday 17 February 2015

Market View - 18th February 2015

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Market has continued its upmove and the trend is very strong.

Greece talks have not come to conclusion, but DAX has been ableto recover from the gap down it made today. This clearly shows thatthere is something much bigger news (Positive) which market knowsand that is the reason rally is on.

8800 will now act as strong support. With the current option data, i amnot seeing market going below 8800 (closing basis) till this expiry.

So tomorrow we have very good opportunity to Buy Nifty at opening,keep stop loss below 8780.

Intraday Support : 8780-8800Intraday Resistance: 8840, 8880Hold all your longs tight, we can very soon see 9000 levels on Nifty


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