Nifty Outlook 2nd Feb 2010

As we mentioned here in last edition of market outlook that market has found its bottom and is ready to rise up further which is to be confirmed by one strong closing.

NIfty closed up with decent gains and BankNifty eneded flat after huge gains on Friday.

Now we expect Nifty to show strong upmove if it crosses 4945 level with good volume.

Any closing above 4945 by Nifty means strong rally in the coming days.

Breach of 4945 may push NIfty to 5016 level easily.

Important Nifty Levels for 2nd Feb
Nifty Pivot	4882
Support
4872	4845	4822
Resistance
4922	4945	4974