Thursday, July 12, 2012

13/07/2012 Trading View

Nifty made a high of 5261 low of 5217 and closed at 5235 which is 71 points down from previous close.

Nifty opened gap down below the previous support level of 5260 now this becomes resistance.
Now any move near by this can be shorted by keeping 5275 as stop loss for the target of 5210.
The support zone comes at 5190-5160.
5300-5350 will be a major hurdle for the Nifty.

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