Monday, August 22, 2011

23/8/2011 Trading Views

Nifty closed in positive after 13 trading sessions.But this is just a pull back move . Nifty for the day made a low of 4808 from there it started it's journey to make a high of 4910 and closed at 4898 which is 53 points up from previous close.


Nifty now will find support at 4870 and 4838 , the resistance comes at 4932 and th 5000 mark. Nifty is expected to hover arround 5000 till this expiry.

Buy LICHSGFIN at 206 with stop loss of 203 for the target of 216

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