Nifty View

Nifty try to take support @ 5220 , But lot of negative news are cumming daily.

When Nifty future close above 5342 only downtrend will be terminate. Otherwise we can expect  5220. below 5220 target will be 5150 & 4970 .

Short traders keep strict stop loss of 5346 on closing basis.

Positional traders buy nifty only close above 5342 on closing basis.

05-feb-2010

NIFTY 2ND TARGET ACHIEVED @ 5524. NIFTY REMAIN POSITIVE TILL BREK 5437 ON CLOSING BASIS. 

INTRADAY MAJOR SUPPORT ONLY ABOVE 5572.KEEP WATCH.

03-Feb-2010 Nifty

SHORT TERM TRADERS HOLD NIFTY LONG POSITION ONLY CLOSE ABOVE 5437 TGT WILL BE 5478-5524-5588-5608 LEVELS.

02-FEB-2011

  

NIFTY CLOSE BELOW 5437 ON CLOSING BASIS NEXT IMPORTANT SUPPORT 5348 & 5225. BREAK THIS LEVEL WE CAN EXPECT 4977.

SHORT TERM TRADERS HOLD NIFTY LONG POSITION ONLY CLOSE ABOVE 5437 TGT WILL BE 5478-5524-5588-5608 LEVELS.

ICICI BANK DAILY CHAT

01-feb-2010

NIFTY SUPPORT- 5372.90  -  5439.35 

RANGE-  5483.10

RES-  5549.55  -  5593.30

NIFTY WEEKLY SUPPORT

NIFTY SUPPORT-  5249.05 - 5380.55   

RANGE-5591.05

RES-  5722.55  - 5933.05

NIFTY TAKE STRONG SUPPORT @ 5437. SHORT  TERM TRADERS BUY &HOLD NIFTY ABOVE 5535 SL 5437 ON CLOSING BASIS.

YESTERDAY ABB FUTURE CALL ENTERED @ 742 SL 716 TGT 756-773-803.

buy & hold LT ABV 1620 SL 1598 TGT 1632-1648-1667-1700.