7/15/2010

nifty level

Downside support for today is 5350-5340.
If Nifty holds 5350-5340 today than we recommend that traders should not go for Shorting for any more downside.
Resistances : 5386-5402-5422-5454
Supports : 5352-5332-5318-5301

:: Trend Decider Level ::
Good Above 5386 and Weak Below 5354

:: Todays PreMarket Trades ::
Uptrend

Buy above 5386 with StopLoss 5366
1st Target 5406 2nd Target 5426
If Sustain Above 5428 next target 5452

For Risky Traders
(If opens flat and comes down but holds 5350)
Buy around 5360 with StopLoss 5340 Target 5384

For Risky Traders
(If opens Flat and cant cross 5400)
Sell below 5378 with StopLoss 5398 1st Target 5358
If sustain below 5350 for 2-mins 2nd Target 5338

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