Tuesday, August 7, 2012

Nifty outlook For 07 Aug 12

Almost flat opening is expected with possibility of range bound trades  .It was noticed that 5300 is supply zone so it is very troublesome for bulls to retain above 5300..
EOD chart of Nifty is showing that old gap is filled ..but new gap is created after yesterday's gap up opening ...

Trade in Nifty futures as per these levels
Buy at / above: 5310   Targets: 5326 - 5344 - 5362 - 5381
Stoploss : 5292
Sell at / below: 5292   Targets: 5277 - 5258 - 5240 - 5222
Stoploss : 5310

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