Nifty view for February 2nd 2010

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Dear viewers,

Recovery start in nifty from last friday. Finally nifty heading at 4889 level and still hurdle at 4850. This is not good for bull now. Closing above 4950 only good for bull.

Gap up 20++ opening will be expected.

And watch 4935 level today carefully. If nifty sustain above 4935 for 15 min, then quick bounce upto 4985.

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

If today nifty will hit 4850 or 5000..?? Who know this..?

Today below 4885, then free fall upto 4850.

Below 4850, then bloodbath upto 4820-4800.

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

4850/4885   4902   4935/4985

PREMARKET CALLS:

Buy NIFTY FUT above 4900 sl 4885 targets 4920/4940

Sell NIFTY FUT below 4885 sl 4900 targets 4865/4845

Buy RIL above 1050 sl 1040 targets 1070/1090

Sell RIL below 1040 sl 1050 targets 1020/1000

Buy SBIN above 2020 sl 2010 targets 2040/2060

Sell SBIN below 2010 sl 2020 targets 1990/1970

Buy DLF above 335 sl 330 targets 340/345

Sell DLF below 330 sl 335 targets 325/320

Happy trading.