Nifty is still in downtrend and broad range is 4700-4900. Market may witness a pre- budget pull back rally. But overall weakness is there.
Tata steel is getting support at 150 Dma. It has support at 520 and resistances are at 578-590-600.
As long as Nifty is trading below 4950 one should keep the volumes low.
Monday, February 15, 2010
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