Nifty view for February 3rd 2010

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Dear viewers,

Another great fall made in nifty yesterday over 100-- from day's high. Finally nifty heading at 4830 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  If nifty sustain above 4850 for 15 min, then quick bounce upto 4885.

If today nifty will hit 4750 or 4900..?? Who know this..?

Today below 4850, then bloodbath upto 4820-4800.

Below 4800, then freefall upto 4780.

Below 4780, then slide upto 4750.

Above 4850, then bounce upto 4885-4902.

Above 4902, then zoom upto 4935-4950.

Trade with care.

Watch the below levels

4750/4800   4850   4902/4950

PREMARKET CALLS:

Buy NIFTY FUT above 4835 sl 4820 targets 4855/4875

Sell NIFTY FUT below 4820 sl 4835 targets 4800/4780

Buy RIL above 1030 sl 1020 targets 1050/1070

Sell RIL below 1020 sl 1030 targets 1000/980

Buy SBIN above 1980 sl 1970 targets 2000/2020

Sell SBIN below 1970 sl 1980 targets 1950/1930

Buy DLF above 329 sl 324 targets 334/339

Sell DLF below 324 sl 329 targets 319/314

Happy trading.