Monday, February 18, 2008

Nifty 5303 Sup 5200 Res 5450

Expectations are usually higher around budget time and we are just two
weeks away from the event. Given the firm cues from the Asian
markets, the Indian markets are well set to open higher. The recovery
efforts of last week by the bulls are also likely to spillover into today's
trade. Stocks are still available at rates much cheaper than what they
were a month ago. Historically, the month of February has seen the
Sensex rising to record highs. However, after recent fall, the investors
will hope for at least some upside from the current levels.

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