Market Outlook for 4th February, 2014

Nifty Future:

Last four months Nifty has been trading above 6000 and today its likely to breach this level and probably may not close in EOD. Market is entering into crucial level of support 5937  and its going to be interesting how Bulls are going to defend the selling from Bears.

For today’s trading Nifty can be bought near support level of 5935 with stop  at 5913 and look for Target of 6025 – 6045

Stock Future:

Short Canbk around 223 with Stop at 227. TGT 216 – 206

Short Rel Capital around 322 with Stop above 327. TGT 314 – 303

Good Luck !!