Market PreSession 2 Mar: Market May Open Higher

The Nifty and Sensex May Open Higher Back of Good Asian Cues.

In Asia

Nikkei 225         10169.44      -3.41
Straits Times       2775.07       2.21
Hang Seng         20918.89      -138.19
Taiwan Index     7610.11        35.01
KOSPI             1611.58         16.07
Shangai             3075               -13
SGX Nifty         4999             +63

Nifty Has Strong Resistance at 4950 in the closing Basis. If it crossed then head to higher 4980 and 5020 .

Today we expert nifty Could cross 5000 level..


Market Internals (As on 26th Feb)

Total Turnover at Rs1.40 lakh cr above 5 day avg
Nifty cooled off 70 pts
Sensex cooled off 250 pts from day’s high
Auto and Metal packl lead the gains
IT and FMCG remained in negative
ITC cracked down in Friday’s trade over 6%
IT index remained negative on back of hike in MAT from 15% to 18%
Auto pack edged higher
Broader markets also cooled from its day high