Nifty ( Closing ) : 5220.45
NIFTY TREND FOR 09/02/2012
Major Resistance Levels : 5262-5294-5355
Major Support Levels : 5171-5130-5098.
Short / Middle Term Target : 4950-5010.
Nifty ended on a flat note. It lost just 2 points and closed at 5220.45. A rise in indices were seen in the morning session. Then, it decreased up to 5171 and closed with a tiny fall.
FII stat reveals that their net value was -504.59 Cr. They invested for 2240 and withdrew for 2745. This FII net value today was -504.59 Cr . It was very rare this year that FII net value showed a negative value . In February , there was not any day with negative FII net value. It shows the changing tendency among the FIIs. They will not be able to invest in Indian market these days as there are a lot of risk factors here.
Our intraday tip was to sell nifty futures at 5343 and it just showed low at our second target 5301 ( profit 42 points).
Market is bearish .So, it is risky to have long ( buying ) positions on 9th February. Tomorrow holiday .
GOOD LUCK.....
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