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NIFTY & SENSEX VIEWS --- Priya (03rd Feb 2012)

From : Priya N at 08:55 AM - Feb 03, 2012 ( )

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NIFTY & SENSEX VIEWS: (03rd Feb 2012)

NIFTY
Trend-Flat
SENSEX
Trend-Flat

If NIFTY breaches 5306 and stays above at least 5287 with good volume then NIFTY trend is becoming 'STRONG' and may see 5325 and 5350.

If Nifty breaches 5234 and stays below 5253 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5215 and 5180.

If SENSEX breaches 17540 and stays above 17485 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17600 and 17680.

If SENSEX crosses 17324 and stays below 17378 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17270 and 17160.

Intraday break out level to watch on NIFTY Spot- 5306

Intraday break down level to watch on NIFTY Spot- 5234


BANK NIFTY FUTURES

BUY -10002 TARGETS -10100,10200,10350 SL-9965
SELL -9920 TARGETS -9830,9705,9550 SL-9945

SBIN FUTURES

BUY -2068 TARGETS -2082,2120,2170 SL-2060
SELL-2039 TARGETS -2026,2000,1920 SL-2046

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