As the Finance Minister has promised for a new economic relief package which will boost the labour oriented industries we may see nifty going upside with good volumes.
Nifty Reccomondations (9th Feb):
1) Buy Nifty above 2870 only,, The Stoploss will be 2820,, Targets will be 2970-2985-3012. Further good news can take nifty to 3030. Then we may witness some profits booking,, So it is advised to remain long till 2985-3000 levels n book profits regularly,,
2) Short sell Nifty 3000 levels as we may see some profit booking around 3000 levels markets are expected to break down a bit,, say atleast 60-80 points from 3000 levels.
