Wednesday, August 1, 2012

Nifty Range for August 1

Nifty has formed hanging man which is very bearish, however followup action is required for confirmation.
Today, Nifty may find very tough to cross 5252 and would give good opportunity to short Nifty.
Weekly pivot is 5100 hence it would give good support in near future (at least for this week).
No trade advise in 5252 to 5225 and if nifty do not sustain 5225 level then next target would be 5210 followed by 5180 and 5164

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