Nifty View on 20/08/2010

Nifty Previous Day: Open: 5478.25 High: 5544.70 Low: 5478.10 Close: 5540.20 (+61.05)

 Yesterday Nifty closed above 5500 after 31 months. Cements and Banking sectors are lead. Nifty open at 5478.25 and got break out at 5514 , then nifty made high at 5544.70, finally nifty close at 5540.20 (+ 61.05)
Nifty Intraday Chart:

                                            Our all Nifty intraday calls target acheived. Profit 30 Points.

Nifty View on 20/08/2010

  Nifty face Resistance at 5555. If nifty reach this level go short and keep stop loss at 5569.5. Target 5536,5528. Above 5570 go long and keep stop loss at 5554 target 5591, 5598.

  Nifty take support at 5526. If nifty reach this level go long and keep stop loss at 5511. Target 5545, 5553. Below 5510 go short and keep stop loss at 5526 target 5491, 5484

Happy Trading.