Nifty outlook for 1st feb

Nifty closed below its support iof 5158, based on the global cues, we might open up, tho i expct nifty to touch its retracement level of 61.8% tht is 5035 at least once in the day. if tht is broken we can slide to 4924 for the day.

On the higher side, i expect strong resistence 5390-5400 levels.

nifty technicals are very weak, and i dont expct a drastic upmove unless we close above 5400.(ALL CASH LEVELS)

Nifty outlook for 30th

Nifti is range bound , again 5400 is the level to watchout. today we should give another attempt at breaching 5400, if we cant, i see trouble. we we close below 5180, we may retest our previous lows.

call: one can go short around 5400 cash levels, with 30 points SL tgt can be 5200

Nifty Outlook for 29th

Nifty might see strong resistence at 5400 levels. markets might open up but 5400 is to be watched to go long, coz above 5400. 5600 can come, and below 5400 we can fall to 5180 levels.

call - if we see a gap up, wait to short at around 5400 with SL of 30 points.

Nifty Outlook for 28th Jan

Nifty looked strong in closing and charts suggests that it should go on to its next level of 5627.

however, with bad global cues and nifty resistence at 5390, we may see some downside. We will open down, and the level to watchout would be 5190.

if nifty sustains above 5190, we will see 5600 soon, below 5190, CAUTION..!! we may dip to 5032.(CASH LEVELS)

Looking at the closing of nifty, we expect some more weakness and downside. On the lower side, tgt can be 4904, breaking which, nifty will slide to 4818. 5180 being strong resistence.

on the higher side, crossing 5180, nifty can tgt 5377.

we will see heights of volatality, so trade cautiously, especially in the levels mentioned.