Nifty view for February 4th 2010

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Dear viewers,

A Good bounce above 100 happend in nifty yesterday and finally heading at 4931 level again, hurdle at 4950. This is not good for bull and bear also. Closing above 4950 only good for bull. Closing below 4885 only good for bear.

Flat opening will be expected.

And If nifty sustain above 4950 for 15 min, then quick bounce upto 4985.

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

Today below 4935, then bloodbath upto 4902.

Below 4902, then freefall upto 4880.

Below 4880, then slide upto 4850.

Above 4950, then bounce upto 4985-5005.

Above 5005, then zoom upto 5035-5050.

Trade with care.

Watch the below levels

4850/4885   4935   4985/5005

PREMARKET CALLS:

Buy NIFTY FUT above 4950 sl 4935 targets 4970/4990

Sell NIFTY FUT below 4935 sl 4950 targets 4910/4885

Buy RIL above 1040 sl 1030 targets 1060/1080

Sell RIL below 1030 sl 1040 targets 1010/990

Buy SBIN above 2000 sl 1990 targets 2020/2040

Sell SBIN below 1990 sl 2000 targets 1970/1950

Buy DLF above 338 sl 333 targets 343/348

Sell DLF below 333 sl 338 targets 328/323

Happy trading.