Nifty Intraday Trend Analysis for 31/08/2010

Previous Day View: Nifty Open:5408.90 High:5469 Low:5390.35 Close:5415.45 (+6.75)


  Indian markets ended flat with positive bias on the back of lack of global support and also due to profit booking. The NSE Nifty advanced by 6.75 points or 0.12% to end at 5415.45 and BSE benchmark ended at 18032.11, advanced by 33.70 points or 0.19%.
 
 

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Nifty Intraday Trend Analysis for 31/08/2010


  Nifty face Resistance at 5437. If nifty reach this level go short and keep stop loss at 5459. Target 5409,5402. Above 5459 go long and keep stop loss at 5437 target 5484, 5489.

   Nifty take support at 5394. If nifty reach this level go long and keep stop loss at 5372. Target 5422, 5430. Below 5372 go short and keep stop loss at 5394 target 5348, 5342.

Happy Trading.