Tuesday, August 19, 2008

NIFTY AGAIN LOOKING FOR DIRECTION

Daily charts of Nifty is in oversold position. After a Dow induced gap down opening a pull back is not ruled out. Hence for tomorrow I am giving levels for going short and long.

NIFTY FUTURE –CRITICAL LEVEL 4379. TRADES ABOVE BUY TGT 4395,4410,4428,4488. TRADES BELOW SELL TGT 4366,4354,4319,4301

BANK NIFTY CRITICAL LEVEL 5975. TRADES ABOVE BUY TGT 6004,6033,6070,6186. TRADES BELOW SELL TGT 5948,5880,5822

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