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

SBI - AXIS - ICICI BANK ANALYSIS FOR 2/07/12

LAST CLOSE @ 1016

TRADING ABOVE  1016....WILL TAKE TO 1021 - 1029.

IF BULLS CAN SUSTAIN AND CLOSE ABOVE  1016....WE CAN SEE 1034....IN INTRADAY  OR IN COMING DAYS .

SUPPOSE TRADE BELOW 1015....THEN BEARS TARGET MAY BE 996 - 990 LEVELS.

LAST CLOSE @ 900

STIFF RESISTANCE IN BETWEEN 905 - 914 LEVELS.

BEFORE ANY UPSIDE MOVE ABOVE 914....EXPECT SOME CORRECTION.

TRADING BELOW 900....SUPPORT @ 895 - 890 - 883 LEVELS.

LAST CLOSE @ 2159

IF BULLS CAN TRADE ABOVE 2160....WITH VOLUME  FOR 10- 15 MINUTES....WE CAN SEE 2170 - 2185 IN INTRADAY.

THEREAFTER 2192 - 2200 NOT RULED OUT.

BELOW 2160...SUPPORT @ 2138 - 2127 - 2120 LEVELS.