Nifty closed the day at 4,844.90 down by 42.85 points. Nifty February Future closed at 4,848 premium of 3.1 points.
- FII sold in index futures, stock futures, index options and cash (Net sold 1361 Crore)
- US market was flat to Positive.
- Global cues are flat to Positive.
- SGX nifty is Positive as of now.
- Most Active February Nifty Call Option: 4800 and 4900.
- Most Active February Nifty Put Options: 4900 and 4800.
Supports: 4800 is immediate. But as one downward impulse is in course, targets can be deep below 4795/4790. 4750-4715 will be the immediate target in that case.
Resistances: 4885 very important place. Above that 4905-4925 is possible in no time. Further breakout can bring 4955-4960/80 before deciding any further moves.
Current Spot: 4844.90
RSI (7 days): 47.50
Supports: 4816 - 4788
Resistance: 4863 - 4880
Buy Nifty above 4850 - 4886 - 4928 - 4973 SL - 4840
Sell Nifty below 4835 - 4805 - 4858 - 4715 SL - 4845
Stock Ideas for the Day
Reliance Industries: Buy above 987 for targets of 994, 1003, 1013 SL of 984
Reliance Industries: Sell below 984 for targets of 977, 968, 959 SL of 987
Unitech: Buy above 70.4 for targets of 70.9, 71.9 SL of 69.4
DLF: Buy above 295 for targets of 299, 307 SL of 293
AbgShip: Buy above 262 for targets of 270, 280 SL of 255
Kohinoor Foods: Buy above 54 for targets of 60 SL of 50 (One Week)
Astra Microwave: Buy above 74 for targets of 80 SL of 70 (One Week)
Onmobile Global: Buy above 376 for targets of 396 SL of 366 (Two Weeks)
Diversify your investments - John Templeton
Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.
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S&P Wealth Creators
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