Nifty View on 10/08/2010

Nifty Last : Open 5439.80, High 5492.30, Low 5433.25, Close 5486.15

Nifty up to 10 o clock face resistance level @ 5451.After that nifty move to up side.Then nearly 1 o clock nifty break a break out zone and it reached our first traget and near to second traget.

Today's Levels
Nifty face Resistance at 5503.If nifty reach this level go short and keep stoploss at 5519. Target 5480,5470. Above 5520 go long and keep stoploss at 5501 traget 5535, 5545


Nifty take support at 5469. If nifty reach this level go long and keep stop loss at 5453. Target 5491, 5500. Below 5452 go short and keep stoploss at 5470 traget 5437, 5425

Happy Trading.