6th Feb Strategy:
Global: Neutral
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Negative
Nifty support zone 17650-17725, Below that 17500-17600 Strong Buy zone
Nifty higher zone 17975-18050, Above that 18100-18200 Strong Sell zone
Bank Nifty support zone 40825-41000, Below that 40525-40700 Strong Buy zone
Bank Nifty higher zone 41950-42075, Above that 42225-42450 Strong Sell zone
For Existing Long Positions:
Nifty Intraday SL 17700 n Closing SL 17600
Bank Nifty Intraday SL 41000 n Closing SL 40300
For Existing Short Positions:
Nifty Intraday SL 18000 n Closing SL 17900
Bank Nifty Intraday SL 42050 n Closing SL 41650
For New Positions:
Buy Nifty:
SL 17700 Tgt 17875, 17975, 18000, 18025, 18050, 18100
Sell Nifty in 17975-18100 range:
SL 18200 Tgt 17900, 17850, 17800, 17750, 17700
For New Positions:
Buy Bank Nifty:
SL 41000 Tgt 41650, 41950, 42025, 42075, 42175, 42300, 42375, 42450
Note : This is our personal views and strictly for educational purposes only.