Nifty Intraday Trend Analysis for 24/08/2010

Previous Day View: Nifty Open:5531.15 High:5549.80 Low:5519.40 Close:5543.50 (+12.85)

   Indian markets today ended flat with positive bias owing to short of any main trigger on the domestic front and also investors remained cautious because of the mixed global reaction. The NSE Nifty advanced by 12.85 points or 0.23% to end at 5543.50 and BSE benchmark ended at 18409.35, up by 7.53 points or 0.04%.
  
   Yesterday  Nifty face resistance at 5540 and came down to 5519.40. After that Nifty take support at 5522 and went upto 5549.80. Finally Nifty close at 5543.5

See what we told yesterday:http://mullaishares.blogspot.com/2010/08/nifty-intraday-trend-analysis-for.html

Nifty Intraday Trend Analysis for 24/08/2010

  Nifty face Resistance at 5552. If nifty reach this level go short and keep stop loss at 5562. Target 5537,5534. Above 5562.5 go long and keep stop loss at 5551 target 5578, 5581.

  Nifty take support at 5535. If nifty reach this level go long and keep stop loss at 5526. Target 5550, 5552. Below 5525.5 go short and keep stop loss at 5536 target 5511, 5408.

Happy Trading.