1Feb @ 8.30 A.M
Nifty 50 (7563)
After many days of selling pressure we saw a good buying volume by fii on Friday on the first day of feb series
On expectation of Rbi policy tomorrow and budget we can see a pull back upto 7820 in this week
Support levels 7530..7550 zone nifty has to maintain on closing basis above this level in coming days to reach 7820
Positional view
Pull back rally can be seen this month
Short term long positions can be made
Trend is down
Reverse from downtrend nifty has to close above 8000
Nifty 50 (7563)
After many days of selling pressure we saw a good buying volume by fii on Friday on the first day of feb series
On expectation of Rbi policy tomorrow and budget we can see a pull back upto 7820 in this week
Support levels 7530..7550 zone nifty has to maintain on closing basis above this level in coming days to reach 7820
Positional view
Pull back rally can be seen this month
Short term long positions can be made
Trend is down
Reverse from downtrend nifty has to close above 8000
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