Market Outlook 26-2-2009

Market to open flat and expected to be choppy in the morning session as trading interest is not much among the traders. Being the F & O settlement day some kind of activity can be seen during the afternoon session. High volatile cannot be ruled out due to F & O expiry. Nifty if breaks below 2650,then lower level of 2500 to 2200 expected in the coming days. Avoid any long position at least for the time being.For today’s trading Nifty can take support at 2680 and 2650 levels and resistance at 2780 and 2810 levels and can direction for the days once the inflation data is out.