NIFTY FEBRUARY 1st WEEK ANALYSIS

Nifty at present looks vulnerable for upside until it crosses and sustains above 23670. Once it crosses and sustains above 23670, we can expect good momentum up to 23900-24100 . On the downside, on a breach of 23270, we can expect sharp momentum on the downside up to levels of 22800-500 . Expect high volatility in the first half of the week . All levels are marked in the chart posted.