5-2

TO MAKE 3 SOLDIERS upper resistance is 2875 unbreakable
might test bottom of 2780-2775

Market Review: Markets are likely to be in range bound moments. Nifty (market) is strong above weak below: 2809; Sensex: 9235; Nifty Rest: 2836-2853; Supt: 2775-2762; Sensex Rest: 9305-9357, Supt: 9131-9096.
FII activity for 04/02/09: Net Buyers of Rs 309.74 Crs. in Index Futures, Net Buyers of Rs 153.06 crs in Index Options, Net Sellers of Rs 127.06 Crs. in Stock Futures, Net Buyers of Rs 48.06 crs in Stock options.

Buying Opportunities exist in JP Associate, Rcom, PNB, SBIN, Hind Unilever. Selling opportunities exist in NTPC, IOC. Nifty Feb Fut. strong above/weak below: 2790; Rest: 2818-2840; Support: 2747-2733