Nifty Outlook ( 2nd Aug - 6th Aug )
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NIFTY SPOT CLOSED @ 5367
NIFTY SPOT SUPPORTS @ 5350-5310-5276-5220
NIFTY SPOT RESISTANCES @ 5430-5480-5555-5600
STRONG/WEAK ABOVE/BELOW 5350 SPOT CLOSING.
Nifty Spot facing Multiple Stiff Resistances @ 5415-5430-5454-5480 and @ same time Good Support @ 5350-5365. Nifty @ Cross Roads. One Should Use SL 5350 Spot closing for short term Longs, If closes below Exit & Buy Again If closes Above 5350. ( This Way One will not loose money in downtrend and also not miss in uptrend). For Last 2 Weeks Nifty trading in Small Narrow range of Up/Down 1%. Watch Out 5350-5430 Range as Trend decider for Bigger gain.
Regards,
www.equityahead.com
