Monday, July 4, 2011

05/07/2011 Trading Views

Nifty exactly went up to 5680 the resistance and came down and from there it traded sideways 5640-5660 with in 20 points.

Nifty is expected to consolidate for some more days before making any further move in upper side the breakout level comes at 5750 and in lower side the breakdown level comes at 5500.

Levels for today
Support 5630 , 5613 , 5600
Resistance 5660 , 5680 , 5696


Buy Aloktext at 26 with stop loss of 25.4 for the target of 27.7
Buy APIL at 530 with stoploss of 520 for the target of 555
Buy Indianhotel at 79 with stop loss of 76.7 for the for the target of 84.5
Buy LICHSGFIN at 238 with stop loss of 234 for the target of 250 , 260

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