Wednesday, August 8, 2012

09/08/2012 Trading View

Nifty made a high of 5377 low of 5331 and closed at 5338 which is 1 point up from previous close.

After 3 day of rise Nifty came to a halt now Nifty seems to be reversing .

Nifty finds resistance at 5380.

On breaking below Nifty can move towards 5280-5260 So any rise up to 5370 can be shorted by keeping 5380 as stop loss for the target of 5330 and 5280.

Support comes at 5280 on breaking this Nifty will move towards 5220.

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