Market OutLook 24-2-2009

Market to trade weak
Based on the global cues, our market is expected to open weak and end in red for the day. As we are approaching the F & O expiry lot of volatile is expected .Traders can sell at higher levels. Technically if Nifty breaks below 2700 further weakness is expected in the near term and can touch 2500 in the coming days. Today Nifty can take support at 2680 and 2650 levels and have resistance at 2750 and 2780 levels.