Nifty eod chart dt. 02-02-2010

3 views on nifty as on closing 1st feb 2009

(1) Expected pull upto 5000-5100 levels
once nifty close above 4920
above 5000 levels we advice for
buying Feb Nifty Puts option strike price
4900, 4800 & 4700 all in equal qty
from 5000-5100 levels we expected
market to hit level of 4570-80
once 4710 broken......
ALL ABOVE SPOT LEVELS

(2)Buy NIFTY FUT ABOVE 4930
WITH STOP LOSS OF 4860
CLOSING BASIC
TARGET 5060-5080
ALL ABOVE SPOT LEVELS

(3)Look for buying nifty around minor support at 4750-4780
stop loss 4710 closing basic
if nifty break & close below 4710 then nifty
heading for 4570-80 short if close below 4710
IF wish one can share the view , information & charts

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Postional Buy Calls dt. 02-02-2010
1)Relcap 775 SL 755 target 810/830/860
2)RCF 108.50 SL 105 target 112/114/120
CARRY BUY IN RELCAP & RCF
We think Nifty view 1 & 2 will be good reward ratio
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Today i.e 02-02-10
If dow sustain above 10210
can hit next resistence level of 10320-30
support at 10150