Tuesday, August 2, 2011

03/08/2011 Trading views

Nifty for the day made a high of 5496 and low of 5433 and closed at 5457 which is 57 points down from the previous close.

Nifty has broken the 5450 which shows the weakness of the market now when 5430 level is broken then it will take the Nifty towards 5333.
If Nifty gives any pullback move it can be used for shorting opportuinty.

Levels for today

Support 5442 , 5433 ,5418 , 5406

Resistance 5472 , 5481 , 5496 ,5520

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