26/04/2012 Trading Views

Nifty made a low of 5160 high of 5236 and closed at 5202 which is 20 points down from previous close.

Nifty broke the support of 5180 and went up to 5160 we have to be cautious if it breaks again it can go down further to 5130 and 5070.

Nifty faces resistance at 5245. So one can consider shorting Nifty at 5230 with stop loss of 5250 for the target of 5180 , 5130.