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Friday, February 3, 2012

Mktviews Daily Market View (03/02/2012)


Expect Markets to open on a flat note & trade side-ways in-line with Asian Markets.

Going Forward, Nifty Futures has formed a strong support zone around 5244-5252.
Also in Hourly charts, Nifty Futures has made a double bottom at 5253.
Hence if it holds 5244-5252, further pullback upto 5313/5340 could be witnessed.
Only if it breaks 5230, could witness a downmove upto 5193/5157.



Key Nifty Futures Levels : 

Supports : 5244 & 5219.
Resistances : 5298 & 5326.
Probable Trading Range : 5219 – 5326. 

 
Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
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