7/08/2010

:: Market Outlook

:: Market Outlook ::

Good Morning, Nifty may open around 5264-84, our Targets of yesterday's LiveTrade given from 5244 with stoploss 5222. Everyday Nifty is showing an average voletility in volumes with gradual decreasing open interest. Nifty is seen in range bound between 5230-5310. All technical charts shows same downtrend levels to every analysis all over world which is 5210-26, below it correction may come till 5180-65. But on our Fundamental analysis shows this Level as a Buying Opportunity. Uptrend also have strong resistance levels 5320-25 same as downtrend if this level crossed all are looking for 5350-80 levels on the board. We are bullish from the start of this expiry till 5540-5600 levels. Hope we will cross this 5320 level today with high volume with support of world market trend.

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