Monday, August 27, 2012

Nifty made a high of 5399 low of 5346 and closed at 5350 which is 36 points down from previous close.

Nifty has formed a bear candle and it broke the level of 5380 and came down slowly.

Now Nifty will find resistance at 5370-5386 and the support comes at 5340.

So today if Nifty comes to 5370-5386 it can be shorted by keeping 5405 as stop loss for the target of 5345 , 5305 , 5270 and further.

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