Thursday, July 14, 2011

15/07/2011 Trading view

Nifty moved between 5653.95 and 5541.7 and closed at 5599.8 which is the exact resistance on closing basis
the way nifty had given up all the gain in the last 30 mins shows there is strong resistance at 5660-5680 level as we said to initiate a short at this level in yesterdays post.
for today also one can follow the same if nifty comes to this level with stop loss of 5710 for the target of 5600 and 5555.


Levels for today

Support 5575 , 5555 , 5530 , 5514
Resistance 5626 , 5655 , 5680 , 5700


Buy SAIL between 129-131 with stop loss of 127 for the target of 136 , 140

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