Trading Levels For 08/03/2010

Trading Levels for August 03,2010. ( Tuesday)

Nifty Trading Levels:

Above 5438, Resistances @ 5446/5455/5461/5471.

Below 5431, Supports @ 5422/5413/5408/5397.


Trade these levels after 15 to 20 minutes of opening of market moves, as it avoids the gapup and down of opening moves of the market. With low volumes in the market seen, trading seems to be more boring these days.

With 5350 as a strong support market inches close to high @ 5450 as a high resistance. Selling @ resistances and buying @ supports have yeilded some handsome returns these days.As said to our clients banks shares soared in last two months with high returns. SBI,AXIS BANK, KARURVYSYA, BANK BARODA, BANK INDIA and all midcap bank shares moved in a single direction, thus yeilding good profits.

Hoping for a better future ahead.