SHORT / MIDDLE TERM POSITIONS SHOULD BE AVOIDED TOMORROW .
Nifty closed at 5235.7 and it showed its high at 5244.60. When nifty was 5158.50 on 25th January , I predicted that next major support between 5240-5260. Reference can be seen from 'MARKET TODAY : EPISODE 31'.
Nifty was weak until around 2 PM and then, it got strength. Metal stocks helped the market for a rally today. UCO BANK had a good third quarter result with 11% growth. DENA BANK will conduct a board meeting to discuss about preferential issue on February 6. Besides , exports increased 6.7% to $25 billion in last December .
Another important thing is that RBI Governor, Dr. Subbarao suggested the Government to put a cap on public debt.
To be honest, I am so sorry to mention that our intraday tip today was failure ( I could forget it deliberately to draw it here). But, it should be reminded that our short / middle term target could contribute a handsome amount of profit to my customers through nifty option trade ( around 4 times when it compared to intraday tips).
GOOD LUCK....
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