Thursday, July 21, 2011

22/07/2011 Trading Views

Nifty moved between 5579 and 5532 and closed at 5541.6 which is 25 poitns down from the previous days closing.
Nifty neither have buying power nor the selling pressure to move the market up or down .
As today is the last day of the week Nifty should give direction for the coming week.
Current move can take Nifty to 5495 and 5450

Levels for today
Support 5530 , 5518 , 5495 , 5450
Resistance 5560 , 5580 , 5600 , 5630



Short INDHOTEL at 77.5- 78 with stop loss of 79 for the target of 75

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