2nd Feb Strategy:
Global: Positive
FII: Positive
DII: Positive
F&O: Neutral
Sentiment: Negative
Trend: Negative
Nifty support zone 17400-17500, Below that 17250-17350 Strong support zone
Nifty higher zone 17725-17800, Above that 17850-17950 Profit booking zone
Bank Nifty support zone 40000-40150, Below that 39425-39500 Strong Support zone
Bank Nifty higher zone 40800-41000, Above that 41400-41650 Profit booking zone
For Existing Long Positions:
Nifty Intraday SL 17475 n Closing SL 17600
Bank Nifty Intraday SL 40000 n Closing SL 40300
For Existing Short Positions:
Nifty Intraday SL 17750 n Closing SL 17900
Bank Nifty Intraday SL 41000 n Closing SL 41650
For New possition
Buy Nifty in 17400-17500 range:
SL 17350 Tgt 17600, 17650, 17700, 17725,17800,17850
Sell Nifty in 17800-17900 range:
SL 18000 Tgt 17750,17700,17650, 17600,17500
For New Positions:
Buy Bank Nifty in 39425-39500 range:
SL 39300 Tgt 39850,39925,40150, 40350,40500,40650,40800
Note : This is our personal views and strictly for educational purposes only.