Update

Banknifty looks like  on course for a new monthly low and  Nifty should follow suit and hence buying should be only for technical bounces and seeing level. Caution needed unless prices confirm end of down move!

Update on Nifty and Banknifty Future

7425 plus some strength and 15007 plus for Banknifty Future.

Update on Nifty

The derivative data is showing activity to break below 7400 for a new low.  7411 is the key for Nifty Future today and tomorrow.  Banknifty is anyway weaker.

Update on Nifty Future and Banknifty Future

Nifty Future buying may be attempted near 7340-7360 range or sustaining above 7411 else sell the rallies for 7340-60.

Banknifty may be bought near 14750 or if it maintains above 14890 and sell below 14890.

Nifty and Banknifty Future Key Level(s) for 3rd Feb, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7425

Weak Below / Strong Above 7411. 

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Banknifty Future (Bias -Negative) - Key Number for the day 15007

Weak Below / Strong Above 14890. 

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