2 February 2013


Nifty fell below the psychological 6,000 mark. Nifty shed 35 points to settle at 5,998, its lowest closing level since 11 January 2013. The index hit low of 5,983 in intraday trade. The index hit a high of 6,052  in intraday trade. We need to watch out for the range between 6040 and 6050 if the index manages to stay above 6050 today on sustained buying campaign then only expect further upswing else a failed test of this supply zone would imply further fall....
In that case, a test of 6020 and 5980 could well be on the cards. The weakness that we talked about yesterday has not shown any change as of now. We continue to maintain that even if you see the market going up beyond 6050 it can still attract selling at higher levels between 6075 and 6110.
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RESISTANCE:6050 6080, 6100
SUPPORT      :6030, 6000, 5980


  1. NIFTY 01-Feb-2013
    Current Market Situation :

    NIFTY current close : 5999
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 18 days

    Levels Tomorrow :

    NIFTY intraday resistance 1 : 6024
    NIFTY intraday resistance 2 : 6053
    NIFTY intraday resistance 3 : 6095

    NIFTY intraday support 1 : 5974
    NIFTY intraday support 2 : 5945
    NIFTY intraday support 3 : 5903

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