Wednesday, November 2, 2011

Dhanvarsha crucial Nifty Futures Levels and market outlook for 02 Nov 11

Nifty futures levels
<5130><5167><5196><5221><5251><5274><5295>
74.gif   74.gif   74.gif   74.gif   74.gif   74.gif   74.gif 


Expecting gap down open with panic sell off...
mainly in Reliance . Infosys, ICICI bank, axis bank ,  Essar oil , dr reddy , M&M ,canara bank , Heromotor corpand PNB  may trade  below 1 to 2 % or more ...
5200 may or may not support the bulls ....depend on fear factor...Bears are in full power ...
on successful penetration of 5200 bears will be having no obstacle till 5100...

FIIs and DIIs both were  fearing to hold long positions so were net sellers yesterday ....


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