Nifty view for January 29th 2010

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Dear viewers,

What a great fall in nifty yesterday. Finally nifty heading at 4853 level and hurdle at 4850. This is not good for bull now. From today nifty raise its hands to bull..!!?? Let us wait and watch.

Today is the 1st day in February series and 19th day in 2010 also.

Gap down 10-- opening will be expected.

May be, One side trade will made in nifty today.

If today nifty will hit 4800 or 4900..?? Who know this..?

Today Below 4850, then bloodbath upto 4820-4800.

Below 4800, then slide upto 4785-4750.

Above 4850, then quick trade upto 4885-4902.

Above 4902, then zoom upto 4935.

Above 4950, then fire upto 4982-5102.

Above 5102, then step upto 5127.

Trade with care.

Watch the below levels

4750/4800   4850   4902/4935

PREMARKET CALLS:

Buy NIFTY FUT above 4885 sl 4870 targets 4905/4925

Sell NIFTY FUT below 4870 sl 4885 targets 4850/4830

Buy RIL above 1040 sl 1030 targets 1060/1080

Sell RIL below 1030 sl 1040 targets 1010/990

Buy SBIN above 2010 sl 2000 targets 2030/2050

Sell SBIN below 2000 sl 2010 targets 1980/1960

Buy DLF above 325 sl 320 targets 330/335

Sell DLF below 320 sl 325 targets 315/310

Happy trading.