8th Feb Strategy:
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Negative
Nifty support zone 17650-17700, Below that 17550-17600 Strong Buy zone
Nifty higher zone 17800-17850, Above that 17875-17975 Strong Sell zone
Bank Nifty support zone 41100-41275, Below that 40675-40800 Strong Buy zone
Bank Nifty higher zone 41625-41725, Above that 41950-42075 and 42175-42375 Strong Sell zone
Post Policy Action
Nifty Closing Below 17600 or above 17900 will give clear direction
Bank Nifty Closing Below 40300 or above 42000 will give clear direction
For Existing Long Positions:
Nifty Intraday n Closing SL 17600
Bank Nifty Intraday n Closing SL 41000
For Existing Short Positions:
Nifty Intraday n Closing SL 17900
Bank Nifty Intraday n Closing SL 42000
For New Positions:
Buy Nifty:
SL 17600 Tgt 17775, 17825, 17850, 17875, 17975
Note : This is our personal views and strictly for educational purposes only.