BULLISH TARGET FOR NIFTY SPOT 3082 WILL BE NEGATED ONCE NIFTY CLOSES BELOW 2887. MARKET LACKS BUYING. FIRST CHART - NIFTY DAILY CHART SHOWS THE IMPORTANCE OF 2887. SECOND CHART SHOWS THE FII & MF FLOWS. DON'T GIVE IMPORTANT TO VALUES. IT IS PREPARED FROM 01-01-2007 WITH PRESENT EQUITY OF FII AS RS10000 CR & MF AS RS1000 CR. IT SHOWS ONLY THE DIRECTION. AS PER CHART FII OUT FLOW AS REDUCED BUT BUYING IS NOT EMERGING BOTH FROM FII'S & MF'S. I DON'T SEE ANY MAJOR NEGATIVE TRIGGER FROM PRE-ELECTION-MINI-BUDGET BUT CAN EXPECT SOME MINOR POSITIVE TRIGGER TO THE MARKET. EXPECT OUR NIFTY TARGET(3082) WITH CAUTION ON DOWNSIDE THIS WEEK.
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