Wednesday, August 8, 2012

Nifty Trend for Today, Nifty Resistance Levels-8 August 2012


Indian market opens on a positive note on Wednesday morning. Yesterday, the US markets ended flat with the Dow up 51 and Nasdaq up 25 odd points. Sensex opened 72 points up and is trading at 17673 from its previous close, and Nifty is at 5360, up 24 points. CNX Midcap index is up by 0.3% and BSE smallcap index is also up 0.3%. Buy and Sell Calls for today:
* Buy call for Jaiprakash Assosciates August Futures with a target of Rs 79.70 and stop loss of Rs 76.45
* Buy call for Axis Bank with a target of Rs 1140 and stop loss of Rs 1070
* Buy call for Dish TV with a target of Rs 78 and stop loss of Rs 70.75.

The Resistance and Support levels for Nifty intraday and Nifty Futures, nifty analysis for today, Nifty levels for today are shown here:
Nifty Futures
Levels
Support 1
5331
Support 2
5307
Resistance 1
5379
Resistance 2
5411

Nifty Intraday
Levels
R4
5411
R3
5380
R2
5368
R1
5361
S1
5312
S2
5305
S3
5294
S4
5262

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