TECHNICAL OUTLOOK 05 FEBRUARY

Nifty 4183.50

Short term trend would remain bullish as long as Nifty sustains above 4100 and in the upper side it could test 4300 in coming trading sessions.

In the extreme short term, if Nifty sustains above 4150, it is likely to test 4230. And also it is likely to swing between these two levels for few trading sessions before moving towards 4300.

Today, if Nifty sustains above 4160, it is likely to test 4200 and above 4200, it could test 4230.



Now the broad stop loss for the longs is 4100.






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