Tuesday, July 17, 2012

18/07/2012 Trading View

Nifty made a high of 5236 low of 5181 and closed at 5192 which is 4 points down from previous close.

Nifty came to the support zone of 5190-5160 from here it can consolidate for some time before making any further move.

5240 acts as resistance and 5270-5300 also acts as a supply zone.

If Nifty comes to 5240 it can be shorted with stop loss of 5270 for the target of 5190 -5160 and further.

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