21/06/2012 Trading view

Nifty made a low of 5100 high of 5141 and closed at 5120 which is 16 points up from previous close

Nifty is not making a decisive move it got struck in between 5070-5140 so any further move has to break any of this.

On breaking below 5070 it can go to 5030 , 4950 and further.

On Breaking above 5140 it can go up to 5190 , 5300 and further.

The trend is expected in downside so one can short Nifty below 5140 with stop loss of 5180 for the target of 5070 and 5030.