Sunday, August 12, 2012

13/08//2012 Trading View

Nifty made a high of 5330 low of  5294 and closed at 5320 which is 2 points down from previous close.

Nifty is finding resistance at 5330 so one can consider shorting at this level by keeping 5340 as stop loss for the target of 5300 , 5270 and further.

On the other side if Nifty goes above 5340 it can be considered buying at 5340 by keeping stop loss at 5320 for the target of 5375 , 5400 and further.

Nifty has support at 5260 on breaking this it can start filling the gap up to 5220.

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