29/06/2012 Trading View

Nifty made a low of 5125 high of 5159 and closed at 5149 which is 7 points up from previous close.

Still Nifty is facing tug of war between bulls and bears so its not able to make any decisive move

Nifty finds support at 5090 and resistance at 5170-5200.

A move below 5090 can take Nifty towards 5040 , 4950 and further and a move above 5200 can take Nifty towards 5300 and further.

A trend will be formed in one or two days as of now the trend is up only until holding of 5090 so one can considered buying above this level by keeping 5070 as stop loss for the target of 5170 and further.