Wednesday, February 2, 2011

Sensex outlook Feb 2011

Nifty is trading around 5465 levels as I write this post. Nifty has come down significantly in January and touched a low of 5400-5410 levels.

Outlook for Feb:

Don't think it will fall significantly from here. Tepid or narrow movement trading to follow until budget. 5250 to 5750 could be the range until Budget.

If the budget is bad or cant be presented due to 2G JPC issue., Nifty might crack to 5050-5125 levels and Sensex could hit 16500-650 levels.

Avoid trading and go for delivery based buying in dips in Nifty stocks.

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