NIFTY FUTURE STRATEGY FOR 02/07/12

LAST CLOSE @ 5297

LAST TRADING DAY...WE SAW NON STOP RALLY FROM 5151 - TO 5310.

WHAT TO EXPECT TODAY?

ONCE THE NIFTY CAN MANAGE ABOVE 5297....THEN BULLS MAY TRY TO RIDE TILL

 5315 - 5330 LEVELS.

THEREAFTER 5347 - 5358 ARE TARGETS FOR BULLS.

NIFTY WILL FACE SIGNIFICANT RESISTANCE @ 5340 .

IF BULLS CAN BREAK ABOVE 5340...WILL TAKE TO 5347 - 5358 LEVELS.

BELOW 5297....POSSIBLE CORRECTION TILL ... 

5288-5250 - 5238.

THEREAFTER 5221 - 5215