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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Sensex, Nifty opens higher, Rupee Rebounds

Indian benchmark indices, the Sensex and the Nifty, opened the session on Monday on a positive note.

At 9:45 a.m., the 30-share BSE index Sensex was up 109.62 points at 17,082.13 and the 50-share NSE index Nifty was up 35.15 points at 5181.20. The Nifty in it's last session ended at 5,146.05, down 18.95 points, or 0.37 percent. Whereas the Sensex in it's last session closed at 16,972.51, down 60.05 points or 0.35 percent and depreciating rupee weighed on sentiment.

The Indian currency fell to all time record low of 57.32 per dollar in trade, making it the worst-performing currency in Asia. Today Rupee rose 1% against the dollar at 56.59.

The Dow Jones Industrial Average closed 67.21 points higher at 12,640.78, the Standard & Poor's 500 index rose 9.51 points to 1,335.02 and the Nasdaq composite index climbed 33.33 points to 2,892.42.

Asian markets were subdued on eurozone concerns. The Nikkei 225 was down by 0.05 percent, the Shanghai Composite fell 0.55 percent and the Kospi was 1.58 percent lower.