Fifty share index Nifty ended at 5943.05 with 0.06% gain, touch high of 5971.00 and low of 5937.55 led by gains in energy, IT and Realty stocks. DLF, Ambuja, BPCL, Reliance and HCL tech were top gainers on Nifty index on Wednesday. Nifty future derivative Feb series closed at 5964.30 with 0.18% gain.
We have seen strong support level between 5940- 5930 and Resistance above 5953. If Nifty will manage to cross 5953 level expected to jump higher. I think that market may fall before Union Budget 2013 declaration.
Intraday Future Trading calls:
Buy DLF future Feb target 283/286 stop loss 276.
Sell BPCL future Feb target 389/384 stop loss 404.
Sell Cairn India future Feb target 307/306 stop loss 310.
Sell Dena Bank future Feb target 102/101 stop loss 105.
Sell GAIL future Feb target 338.50/338 stop loss 340.
Buy NTPC future Feb target 153.15/154 stop loss 151.