As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us yesterday, also turned out to be 100% accurate. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market. We always say, dont go with bulls/bears, stay with levels and earn in both kind of markets.
On 3February, Nifty will face resistance at 4840 level once this level is crossed and sustained then we will see and upsurge in nifty till 4872-4884-4910 and more higher levels. But we recommend all our members to book their long positions in any rise from current levels, as the upsurge can be followed by a downside, till Nifty fut is trading below 4935 levels. So, buying on dips and selling on rise and keeping cash in hand will be the best strategy for current volatile markets. Bulls will gain strength after getting consecutive close above 4935 level. On the downside Nifty fut has support at 4790 level, breaching 4790 level on downside will make Nifty slide down till 4770-4755-4732 and more lower levels, any close below 4730 can make sharp downside in markets till 4665-4545 levels. Nifty range for the day will be 4790-4935, breakout on either side will lead to sharp movement in markets.
Nifty Levels
- Resistance - 4840-4872-4884-4910
- Support - 4790-4770-4755-4732
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Intraday Calls
- Spice Comm abv 67 tgt-69.4-71.5-74+
- Euro Multivision abv 30.2 tgt-30.6-31.2-34
- Bluestar abv 373 tgt-376-381-387+
- NFL abv 142 tgt-145-149-155
- Also watch Educomp, JSW Holding, Orchid Chemical, Kwality Dairy.
For all trades, strictly 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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