Intraday market outlook for 2February

As usual Team EAIB, once again provided the most accurate market view and stock calls to you all. Last week told the importance of 4730 level on Nifty fut, and you all watched what happened in markets, Nifty fut respected that level bounced sharply to make a high of 4924 yesterday from a low of 4757 on friday. Our stock calls recommended to you all, blastedddddd 5-20% in intraday. We hope this much profit will be satisfactory for all of you. Njoy being a member of EAIB Securities.

On 2February, Nifty fut will face resistance at the level 4935, once it crosses this level and sustains above this, then we can expect Nifty to upsurge till the level 4955-4972-4998+ . Any close above 4980 level will open doors for next major upmove, so trade accordingly and keep a watch on the levels. On the lower levels, Nifty fut has support at 4865, sustaining below this level can make Nifty slide down to 4848-4820-4800, close below 4800 level can change the market sentiments for coming days. In come days we can see some sharp oneside movement in markets, so stay hedged with all your positions.

We recommend all traders to trade with levels, and not woth sentiments, as trading on levels provide profit on both sides. Nifty range for the day will be 4830-4980, breakout on either side will lead to sharp movement. We told yesteray also, and saying today also that dont create short positions on lower levels, because if Nifty crosses and sustaiins above 4935 level consecutively on closing basis we can see bulls once again charging up. So, traders must buy on every dip till Nifty fut is trading abv 4730 level & long positions must be exited at every rise , to conserve the profits.

To read our weekly market view , CLICK HERE.

Nifty Levels

• Resistance - 4935-4955-4972-4998
• Support - 4865-4848-4820-4800

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Intraday Calls

• Educomp abv 712 tgt-718-725-738+
• Mastek abv 412 tgt-416-422-430+
• NFL abv 134 tgt-136.2-140-145
• FDC abv 77 tgt-79-80.5-83+
• Also watch Zandu Pharma, Nalco, Frontier Springs, Hindustan Natural Glass.

For all trades, keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

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