On the last two trading sessions, market has not been able to cross 4370 range on the upside ana has been taking support on the Trend Line.
Today's trading will be influenced on one side by weak US markets and on other side by the hopes of getting a good Railway Budget. Markets will get weak below 4280 and one can go short at that level with stop loss of 4315. We can now expect market to get bullish only above 4375 and will face resistance at 4400 and 4450.
RELIANCE FUTURE:
We can go short in Reliance below 1995, with stop loss of 2031. It will find support at 1945 and 1900. Reliance can be bought only above 2050 with stop loss of 2025 and target of 2100.
INFOSYS FUTURE :
We can sell Inofsys around 1800 with stop loss of 1820 and target of 1770 and 1750.
In view of the Budget volatality is bound to be more and hence it is advisable to keep the day trading activity very low - as some wise men have said - "Money Saved is Money Earned". Please do not forget to keep STOP LOSS.
have a nice day!
Ketan Asher.
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