TECHNICAL OUTLOOK 12 FEBRUARY

Nifty 4187.40

If Nifty sustains above 4170, it is likely to test 4300 in coming trading sessions. Instead, if it moves below 4170, it has potential of testing 4050 in the downside.

In the extreme short term, if Nifty sustains above 4170, it is likely to test 4250.

Today, if Nifty initially moves above 4205 and sustains above 4180, then it is likely to test 4230. If it trades comfortably below 4170, then it could test 4120.



The broad stop loss for the longs is 4120.

Medium term outlook of Nifty is looking bullish and this view holds good as long as it stays above 4050.



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TECHNICAL OUTLOOK 07 FEBRUARY

Nifty 4195.90


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SRF 200.00

The short term trend is looking bullish and it has potential of testing 250 level initially in coming trading sessions. Buy on decline with a stop at 192.

Long term investors can buy this scrip with a stop at 175 for a target of 300 in coming months.





DELIVERY CALL

GNFC 111.35

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 150 in coming weeks. Buy on decline with a stop at 100.



9381203517

www.waveriders.in

asksathia@hotmail.com