Short Term Update..........03rd Feb 2015

Nifty :- 8797

Nifty looking positive & can face resistance of 8920-8930 Above this range target will be 8975-9020 & 9100-9280-9300 in coming weeks.

 

However due to RBI Policy (Today) & Delhi election

Nifty Crucial Support 8770 if break with volume next support will be 8720-8625-8550.

 

 

 

 

Bank Nifty :- 19865

 

Bank Nifty looking positive short term target 20400-20700 in coming days. Sustaining above 20800 target will be 21800 & 22400-24500.

 

On Downside Bank Nifty Crucial Support at 19650-19550 if break with volume next target & support will be 19300-19000-18800.

 

 

 

Axis Bank :- 622

 

Axis Bank short term target 640-660 & 710-740 in coming days. Sustaining above 750 target will be 900-950.

 

On Downside Support at 570-550 if break with volume next  support will be 530-510 & 490.

 

 

 

BPCL :- 748

 

BPCL can face resistance of 780-790 Above this range next support & target will be 825-860 & 890 Afterthat 940.

 

On Downside Support at 700-680 & 660 if break with volume next  support & target will be 640-620 & 590.