Friday, August 3, 2012

Nifty Trading level for August 3

As per 30 min chart, Volume suggest Nifty range for coming week as 5233 as resistance and 5105 major support. where highest concentration of volume can be found.
For today, Nifty support seems at 5150 to 5170 zone, risk takers may go long with strict stoploss of 5140.
As per Bramesh Nifty Future trend deciding level is 5187 and Nifty trend changer is 5105. Above this level, bulls will rule, below this level bears have upper hand.

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