Nifty opened normally and made a high of 4962 and gave up slowly at last 20 minutes it broke the 4900 and made a low of 4875 and closed at 4888 which is 60 points down from the previous close.
As we discussed yesterday in our post about 4977 which was not able to cross this says that weakness is intact. Now crossing above 4915 will be difficult for Nifty.
As today is FNO settlement lot of volatality will be there.
one can consider shorting Nifty 4910-4890 with stop loss of 4932 for the target of 4816.
As tomorrow I will be travelling i wont post 26/08/2011 Trading views.
SIRJI SUPERB WORK.......
ReplyDeleteTHANX FOR POSTING............