Nifty Intraday Trend Analysis for 30/08/2010

Previous Day View: Nifty Open:5489.60 High:5495.20 Low:5391.95 Close:5408.7 (-69.20)


Indian markets plummeted in late afternoon trades today due to heavy selling across the board. The NSE Nifty advanced by 69.20 points or 1.26% to end at 5408.70 and BSE benchmark ended at 17998.41, reduced by 227.94 points or 1.25%.
 
 

                                    Click and see here what we told yesterday 
 
Nifty Intraday Trend Analysis for 30/08/2010
 
 Nifty face Resistance at 5437. If nifty reach this level go short and keep stop loss at 5465.50. Target 5400,5390. Above 5465.50 go long and keep stop loss at 5437 target 5487, 5500.


Nifty take support at 5380. If nifty reach this level go long and keep stop loss at 5352. Target 5415, 5423. Below 5352 go short and keep stop loss at 5380 target 5336, 5328.

Happy Trading.