Monday, August 9, 2010

Nifty Sensex Technical View and Trading tips for August '10

Nifty witnessed the yet another positive session & in the end closed in positive zone. The next key resistance point for it seems to be at the level of 5500. Decisive closing above this resistance may take up it till the levels of 5550, 5600 in near run. In the lower side the key supports for intra day seems to be at the levels of 5405 & 5350. For trading as we already recommended in our previous reports that one may go for buy on dips in nifty future until it close below 5350 for the targets of 5500,5550, so traders may keep long in nifty future.
 Sensex continue it's up trend & made yet another closing in green zone. The next key resistance for it seems to be at the levels of 18320 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18820 in near run.technically Sensex looking strong& one may expect more up moves in it from the current levels.

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